Word: krupp
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...this made headlines-and ob scured the fact that Howard Hughes, 61, has quietly been making news of his own. Picking up properties around Las Vegas, he has, in addition to the Sands and Desert Inn, bought Alamo Airways and the Krupp ranch in Red Rock Canyon. Hughes already owned 30,000 acres of Nevada land...
Other mergers are in the air. Hoesch, the eighth largest German steelmaker, took the plunge last year when it absorbed Dortmund-Hörder Hüttenunion. Until recently, Krupp was believed to be considering merging with Thyssen; now Klöckner is said to be a potential Krupp partner. And two more companies, Salzgitter and Ilseder Hütte, are eyeing each other as possible mates...
...MARTHA KRUPP Nogales, Ariz...
Nowhere did Germany's famed-if now faded-postwar Wirtschaftswunder (economic miracle) shine more brightly than at Krupp. Under expansive, gregarious Berthold Beitz, whom Krupp brought in as his general manager in 1953, Krupp returned to the very top rank of German industrial companies. Sales have tripled since 1944 to last year's $1.35 billion, and the 3,000 items Krupp produces include almost everything but armaments, which Alfried banned...
Proud & Impracticable. Unfortunately for the company, that was about the only Krupp tradition he forsook. Because the third or fourth generation Kruppianer might be turned out of work, Krupp refused to close down money-losing locomotive works and coal and steel operations. The resulting debt of $600 million-highest of any German company-gave the edge last spring to the bankers, who then, in effect, ordained the end of the House of Krupp. Alfried's death was thus only a postscript...