Word: german
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Dates: during 2000-2009
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...Internet that the Schaeffler clan had Nazi skeletons in its closet, the family made public a study it had commissioned in 2004 on its history during the Nazi period. (The move is not unusual. Over the past few years, perhaps to defuse or control potential controversies, many German industrial families have commissioned independent historians to document their family histories and to look into the activities of family members during the Nazi...
...richest industrial clans. Last year she spearheaded her car-component company's dramatic 12 billion euro ($16 billion) takeover of a larger rival that left most of Germany breathless - but not quite with admiration. Such buyouts had more often been associated with predatory foreigners (e.g., Americans) than with fellow Germans. The audacious bid smacked of hubris to many Germans and angered labor unions, who warned that the Schaeffler Group was biting off more than it could chew. Indeed, it soon came under immense pressure as the global financial crisis slammed headlong into the German car industry and orders dried...
...come charges that Schaeffler's kin profited from Hitler's gassing of Jews in Auschwitz. Jacek Lachendro, deputy director of the Auschwitz Museum's research department, told Spiegel TV, a German program associated with the weekly newsmagazine, that bales of human hair, which are still on exhibit in the Auschwitz Museum, were found at a factory in Kietrz, Poland, at the end of World War II. The hair, allegedly from victims gassed at the infamous concentration camp, was supposedly used to manufacture upholstery and carpets. The factory's name was Teppichfabrik G. Schoeffler AG. "Our historians say Schoeffler is Schaeffler...
...family thrived after the war, but now it faces diaster. Even without the Auschwitz allegations, the foundations of the Schaeffler industrial empire have been shaken. With the German government (and Germany's taxpayers) refusing to bail her out, Maria-Elisabeth Schaeffler will have to give up a significant stake in the company to pay off creditors and could lose control of the family business. She has gambled high before and - defying the odds - won. She once said in a rare interview, "You don't get anywhere in this world by being nice to everyone." No one is being nice...
...know some of the major players in the 27-member E.U. and the 26-strong NATO. But she will undoubtedly use the occasion to soothe sensitivities and reassure her hosts that the U.S. still considers Europe a vital ally in all manner of foreign policy challenges. German Foreign Minister Frank-Walter Steinmeier said Clinton's arrival on Thursday was widely welcomed. "We can assume there will be a new breeze going through NATO and a new mood of cooperation," he said. "We will need that because the challenges are not getting any easier." (See pictures of people around the world...