Word: krupp
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Died. Alfried Krupp von Bohlen und Halbach, 59, scion of Germany's Krupp empire (see WORLD BUSINESS...
...entrance hall of Villa Hiigel, the 200-room stone and steel mansion where Alfried Felix Alwyn Krupp von Bohlen und Halbach was born, 500 business, political and labor leaders gathered late last week for the funeral of the last sole ruler of the Ruhr's most powerful industrial dynasty. After the eulogies, a Krupp band struck up a miners' song called Glueck Auf (Good Fortune) and led the way out through a crowd to a hearse waiting in the rain. Behind followed ten Krupp miners bearing the oaken casket. Visibly in tears was Krupp's longtime confidant...
...Krupp died as lonely as he had lived. Staffers noticed that his silver-grey Porsche had not appeared at the company's Essen quarters for a month. Krupp, in fact, was dying of bronchial cancer, which had already advanced beyond cure when it was discovered late in June. By mid-July, he was confined to his 28-room "bungalow" near the villa. When he died, his only attendant was a nurse...
Humiliation. An austere man with few friends, Krupp had grown remote and bitter as life delivered its blows. One of these was his six-year imprisonment (1945-51) as a war criminal. Then there was his son Arndt, a limp fellow of 29 who renounced his inheritance last year, leaving the House of Krupp without an heir for the first time in five generations. Arndt's $250,000-a-year allowance (which now goes to $500,000) may have made the decision easy, but two weeks ago he said that the "Krupp tradition" had only "brought my forebears...
...industry, and nobody wielded more authority in that field than Abs. Quite literally, his word could make or break both upstarts and industrial giants. It was Abs's refusal to advance a $25 million loan that early this year ended five generations of one-man rule at the Krupp industrial complex. "Our influence is one of order, not of power," insists Abs, "as in solitaire one tries to make everything come out even." In his busy retirement, Abs will try to make things come out even at ailing Krupp: among other jobs, he was recently named to the "administrative...