Word: industrieverwaltung
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...name refers to Friedrich Flick Industrieverwaltung KGaA, a Düsseldorf-based firm that is one of the world's largest industrial holding companies. A $3.4 billion concern, Flick has substantial interests in steel, chemicals and banking. It is now run by Friedrich Karl Flick, 57, the youngest and only living son of Friedrich Flick, who began the business...
...Bundestag and the nation's second-highest official after Chancellor Helmut Kohl, resigned last week in a scandal that has seriously shaken the two-year-old Kohl government. Barzel was named as the recipient of 1.7 million deutsche marks (now worth more than $700,000) from Friedrich Flick Industrieverwaltung, West Germany's largest private industrial firm. The Bundestag leader thus be came the latest victim in the Flick affair, an influence-peddling scandal that has claimed 16 public figures in two years...
...political survival, and with it the ability of the Kohl government to retain public confidence. The investigators charged that from 1975 to 1981 Friderichs and Lambsdorff had accepted nearly $200,000 from West Germany's largest privately owned industrial concern, the Düsseldorf-based Friedrich Flick Industrieverwaltung, in exchange for granting the firm generous tax exemptions. Lambsdorff, 56, is a respected member of the Free Democratic Party, the minority partner in Kohl's Christian Democrat-dominated government, and an architect of Bonn's plans for economic recovery. He promptly denied any wrongdoing, protesting, "I never received...
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