Word: farben
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...Farben was the largest corporation in Germany and the largest chemical corporation in the world. This organization planned and schemed as a tool of the Nazi regime. The Allied Control Council has agreed that the economic power of cartels, syndicates, trusts and combines will be eliminated. We are committed and determined to seek out and destroy the sources of Germany's once powerful aggressive industrial might...
Thus in 1945 did a Senate Military Affairs subcommittee hear Major General John H. Hilldring, the War Department's chief of U.S. military government and decartelization in Germany, pledge to break up the $2.8 billion Farben chemical trust. Farben had held an interest-often a controlling interest-in 379 German companies and 400 others. The Allies enthusiastically enforced this policy of dismemberment. They imprisoned 13 of Farben's top 23 executives as war criminals, stripped Farben of $1 billion worth of its assets and of its 30,000 patents. The Russians and Poles swallowed the three-fifths...
That was the end of Farben as such. But it was the beginning of an amazing recovery by the free-enterprising successors to the cartel, which has resulted in bigger sales than their prewar parent ever had. In the postwar German boom, Farben's vigorous successor companies have won back far more of their immense prewar business and prestige than the most optimistic German had hoped for. Sales of the three biggest companies last year topped $1.09 billion, just over Farben's prewar total; and they are rising at the rate of 12% a year (but are still...
...firms that are building the new industry include Italy's Montecatini, Germany's Uhde of Dortmund (an I. G. Farben subsidiary), Texas' Tif Co Inter America Corp. But the money and the management come strictly from the Venezuelan government. La Petroquímica's boss is Alberto J. Caldera, Director of Economy in the Ministry of Mines and Hydrocarbons. The venture puts the government, which already has investments in planes, ships, power and steel, deep into business. Caldera is outspokenly in favor of the trend: "We have the natural gas, we have the oil, we have...
SLAVE LABOR PAY will finally be handed out by I. G. Farben liquidators, who are breaking up the former German chemical cartel. After long, bitter battle in German courts, liquidators will pay some $7,000,000 to about 4,000 World War II forced laborers, many of whom now live...