Word: diebold
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Dates: during 1940-1949
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...Farben's sales stooge in Latin America. But without a state of war, Sterling officers would be liable to lawsuits, unable to plead "legal impossibility." The value of the contract has been estimated as high as $100,000,000. Since both Sterling Chairman William Weiss and President Albert Diebold are multimillionaires, they were in no position to cancel the contract...
...consent decree, being a court order, gives Sterling's officers a Government-underwritten legal out. Meanwhile, to rid the company of any pro-Nazi stigma, the directors last fortnight got Sterling a new president and chairman. (Messrs. Weiss and Diebold moved upstairs to head newly created Board committees.) The new chairman: Edward Sidney Rogers, international patent lawyer and adviser to the State Department. The new president: ex-Sterling treasurer, ex-U.S. Internal Revenue Bureau official, James Hill Jr. Mr. Rogers' knowledge of international law will be especially useful. For although Sterling is relatively safe...