Word: krupp
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Dates: during 1960-1969
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January 11, 1966 was rather a red-letter day in German industrial history. For the first time since the gigantic Krupp empire was founded a century and a half ago, Krupp shares were sold on the public market...
...sure, many shares: those listed for sale represented only $9,000,000 of the total $143 million equity of Fried. Krupp Hüttenwerke A.G., a recently organized coal-and-steel subsidiary that forms only a fraction of the Krupp holdings. Each of the preferred shares issued at a par value of 100 German marks ($25) carried a guaranteed annual dividend of at least 10% for the next 10 years. With such a sweetener tagged on, the Krupp shares opened at $39.75 on the West German exchanges, and at week's end were selling...
Cactus Flower. Humor is often the puckish shadow cast by national character. English comedy is a running display of oneupmanship, reflecting an indelible class system. The Teutonic cast-ironies of Brecht seem manufactured by Krupp. The classic American comic event is the chase, a drolly tangible version of the pursuit of happiness and the American Dream. And the French sex farce is logic run rampant, reason carried to an unreasonable and absurd extremity. That is why French sex farces are innately sexless: Descartes wrote them all. They begin with cogito ergo sum, and they rely not on seduction but sophistry...
Into East Europe's, shaggy capitals each day come scores of eager and secretive men from Western Europe. They are businessmen who have found that it pays to do business with the Communists. Their credentials are impeccably blue chip-Krupp, Volvo, Renault, Imperial Chemical Industries. By day, they hustle off to talk trade with ministers, plant managers and bureaucrats. By night, they cluster in the crowded bars and dining rooms of the hotels frequented mostly by foreigners: Warsaw's Bristol, Prague's Alcron, Bucharest's Athénée Palace. More than at any other...
...considerable increase in West German trade with the East, arguing that the way to bring the Berlin Wall tumbling down and to move toward reunification is to revitalize the incipient desire for goods and services behind the rusting Iron Curtain. It was with Bonn's tacit approval that Krupp General Manager Berthold Beitz began reconnoitering Eastern Europe in 1959. Beitz has since signed deals worth $72 million for everything from fishing-boat engines for Bulgaria to a cement factory for Yugoslavia. Other industrialists followed. All told, West German exports to the East have quintupled since 1955 to more than...