Word: hermann
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Dates: during 1960-1969
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Ende, a mining engineer who served as an archconservative Deputy in the Reichstag in the last days of the Weimar Republic, joined Salzgitter in 1941, when it was still known as Reichswerke Hermann Goring. He ran its mining operations in Germany and in Nazi-occupied lands. In 1950 he was picked by Bonn to revitalize what the war had left to Salzgitter: a ragged collection of steelmaking plants, largely dismantled, built around some low-grade ore mines in northern Germany. Despite the many problems, Ende opened new mines, modernized the ore processing, put up steel mills, branched into oil drilling...
...years. The structure of ritual is so elaborately linked* that any change is likely to become a crucial change. If Latin were dropped, for example, it might be natural also to drop plain chant, which is awkward in most other languages. "In the last four centuries," says Jesuit Liturgist Hermann Schmidt, "the ideal has become immutability. Certainly God is immutable; but we are men, and we cannot always express ourselves the same. This is a crisis of immutability...
After more than a decade on top, one of West Germany's richest postwar wonder boys has come tumbling down. A big plunger in coal and steel stocks, Hermann Krages, 53, has seen his investments multiply 25 times since 1948. But though he got rich, he made few friends: Krages often used his minority holdings to badger managements until they bought him out at prices above the market just to be rid of him. The manner of Krages' fall last week told much about the immense power of banks in today's West Germany...
...hand-pick many a top corporate executive, as they did Fritz-Aurel Goergen of the Henschel locomotive works. The supervisory boards of German companies are so heavy with bankers that the government has limited each banker to 20 memberships. Special permission to have more, however, has been given to Hermann Abs, politically potent chief of the Deutsche Bank. His current total: 24 directorships...
...Kingbreakers. Controlling so many shares, banks exercise tremendous powers in Germany's thinly held stock markets. As German stock markets turned down recently, Dresdner shrewdly sold off selected shares from its own vast holdings, which further depressed the market. The issues owned by Hermann Krages plunged, and he was obliged to make a deal. Unlike many small investors, Krages has not been ruined by his paper loss of close to $100 million. But the bank has eliminated him as a major force in the market for quite a time to come...