Word: hermann
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Dates: during 1960-1969
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...surprisingly, prosperous West Germany is today one of Europe's biggest hotbeds of mutual funds. In 1956 the Deutsche Bank, under its imaginative chief, Hermann Abs (TIME, Dec. 15), established the Investa Mutual Fund, whose holdings have soared from $58 million to $161 million. Next largest German mutual fund is Concentra, which is sponsored by Frankfurt's Dresdner Bank, has $124 million in assets and hooks customers with a clever come-on: "For $25 become a stockholder in 30 first-rank companies...
...widely distributed, a single block of 32% is held by Mrs. Mary Zimbalist, 85, widow of the late, longtime Journal editor, Edward Bok, and now married to Violinist Efrem Zimbalist. Another block of some 17% is held by the estate of Mrs. Zimbalist's father, the late Cyrus Hermann Kotzschmar Curtis, the former Maine dry-goods clerk who founded the Curtis publishing empire in 1883. (Mrs. Zimbalist is one of seven trustees of the estate.) Even without the stock in the estate, Mrs. Zimbalist's own holding-1,160,505 shares of common stock, 131,000 of preferred...
Shortly after the death of Pope Pius XI, according to a legend beloved of German businessmen, a pair of international financiers were discussing possible successors to the papacy. "Well," began one of them thoughtfully, "what about Hermann...
Apocryphal as it is, the story is a fair indication of the awe commanded in U.S. and European financial circles by mustachioed Hermann J. Abs, 60, the suave chief executive of West Germany's Deutsche Bank. Unhampered by the kind of legislation that restricts the scope of U.S. banks. West German banks combine the functions exercised in the U.S. by investment banking houses, commercial banks and savings banks, are also free to operate mutual funds and act as brokers. As a result, German bankers wield far more power than their U.S. counterparts. And as boss of his nation...
...reducing it to paralysis or trembling confusion. Until recently, the bombardier beetle's efficient defensive weapon was pretty much of a mystery. Entomologists thought that it simply squirted out a liquid that exploded on hitting the air. But in West Germany's Angewandte Chemie, Dr. Hermann Schildknecht of Erlanger University's Institute for Organic Chemistry has revealed the bombardier's secret: it is armed with two genuine cannons, each with a strong chamber for real internal explosions...