Word: krupp
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Dates: during 1940-1949
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From Germany's Landsberg Prison (where his friend Adolf Hitler once wrote Mein Kampf), ex-Gunmaker Alfred Krupp denied a report that he passed the time making toy guns. The fact was that Krupp was using his twelve-year term to resume the trade of his ancestors; he had become a locksmith...
Tungsten Cartel. A federal district court found General Electric, two of its subsidiaries, and three of their officials guilty in an antitrust suit of conspiring with Germany's Krupp between 1927 and 1940 to monopolize world trade in tungsten and other hard metals. G.E., planning an appeal, claimed that "the law applicable to situations of this kind is in a state of utter chaos...
Yacht for Sale. The famed 1,969-ton luxury yacht Nourmahal-built at Germany's Krupp yards for Vincent Astor, turned over to the Coast Guard in 1941 for submarine patrol service-was up for sale to the highest bidder...
...Baden-Baden, an international court found him guilty on three counts as boss of Hitler's steel industry from 1942 on, sentenced him to seven years in prison. (Acquitted by another court on the same charge but awaiting a verdict on two other war crime counts were Alfred Krupp, No. 1 Nazi gunmaker, and eleven Krupp directors...
...when U.S. troops caught him, Gustav Krupp was too old (now 77) and too ill to stand trial. So his son Alfred and eleven fellow Krupp directors were hauled into Nürnberg court and charged with conspiring to wage aggressive war. Last week, after four months of testimony, a U.S. tribunal acquitted them of the charge.* The tribunal did not say why, but apparently it thought that businessmen could not be blamed for carrying out orders from political leaders. That did not mean that the Krupp officials would get off scot free. They still had to face trial...