Word: krupps
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Dates: during 1960-1969
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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...
...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...
...While Krupp is by no means bankrupt, insiders feel that the managerial showdown should have come much sooner. Alfried Krupp, remote and embittered ever since his six-year Allied imprisonment for using wartime slave labor, has grown increasingly pained over the fact that his only son, Arndt, 29, has shown more inclination to fly with the European jet set than take over the company. Meanwhile, critics charge, Krupp's expansive general manager, Berthold Beitz, has overextended the company when he should have been cutting down its unprofitable operations in coal and steel. With public management instead of a private...