Word: cie
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Dates: during 1960-1969
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...prize is Schneider & Cie., whose sales of $512 million last year came from its dominance of 40 companies with interests in mining, manufacturing, banking and real estate throughout Europe, Latin America, Canada and Australia. The leading figure in this family company is Liliane Schneider, who at 61 is tall, erect, smooth-skinned and almost as handsome as when she starred in such French film confections of the 1920s as The She-Goat with Golden Feet. Liliane married Heir Charles Schneider in 1931, started working at his side in 1942 and succeeded him as co-manager of Schneider after his death...
...almost like the good old days. In an 18th century mansion on Paris' elegant Place Vendôme, Morgan & Cie., a name prestigious in French banking since the days of the Franco-Prussian War, last week reopened as an investment banking house. The reappearance of Morgan & Cie.,* complete with tellers' cages of gilded wrought iron, will remind a privileged minority of middle-aged Americans of the prewar years when Morgan's in Paris not only tended its clients' investments, but held their mail, minded their children, and saw their maids and steamer trunks safely into...
...Morgan & Cie. was obliged to abandon investment banking under a 1933 change in U.S. banking law, and disappeared entirely in the 1959 merger of its parent, J. P. Morgan & Co., with New-York's Guaranty Trust. The new firm, organized by a Morgan Guaranty overseas subsidiary in alliance with London's Morgan Grenfell and two Dutch investment banking houses, occupies the same quarters its predecessor did but will carry out quite different functions. Henceforth, Morgan & Cie. will concentrate less on millionaires, more on European subsidiaries of U.S. companies. The bank plans to help them list shares on European...
...Originally an abbreviation for compagnie, the Cie. of Morgan & Cie. is no longer so considered, and the firm's name is commonly pronounced "Morgan...
Died. Charles Schneider, 62, head since 1942 of Schneider et Cie, big French holding company (more than $300 million in assets), whose family has been one of Europe's top steel and heavy-equipment manufacturers for four generations; of a heart attack; in Saint-Tropez, France...