Word: krupps
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Dates: during 1970-1979
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...KITZBÜHEL, AUSTRIA. "Kitz" is like Miami Beach with snow, a crowded commercial resort that draws both the packaged-tour trade and the famous. Crown Prince Carl Gustaf of Sweden skis here, as do Jet-Setters Günter Sachs and Arndt von Bohlen und Halbach, the Krupp heir. Visitors who want to try to ski the multifaceted Hahnenkamm or merely stare at celebrities can get a week's vacation for about...
...taken, and had a mistress in Santiago who bore him four children. As of a few weeks ago, Farago contended, Bormann was back in Argentina, in Salta province, living in "a cottage on the Rancho Grande, the vast estate of Arndt von Bohlen und Halbach, last scion of the Krupp family." Like so much of Farago's other material, this episode included authentic-sounding detail, stating, for instance, that Bormann's attentive host was the estate's manager, a naturalized Turk. But too many of the details do not stand up to examination. Arndt von Bohlen...
Beitz himself was knocked from the pinnacle in 1967 after the company plunged into a financial crisis, but he retains considerable clout as chairman of the supervisory board and head of the Krupp Foundation, which holds all the firm's shares and supports scientific and cultural projects. Even so, Krackow, who gets along well with Beitz, can be expected to assert himself as boss and insist that the company will undertake only financially sound ventures...
...panzer officer with a doctorate in law, Krackow has worked for the Commerzbank, one of Germany's Big Three, and for British Investment Banker Siegmund Warburg. After shifting into industry, he became a successful doctor of ailing companies. Vogelsang recruited him four years ago to take charge of Krupp's weakest branch, its money-losing shipbuilding subsidiary, A.G. Weser. Under Krackow's management, the number of man-hours needed to produce a supertanker was cut by one-third, and Weser swung round from a loss of $8.5 million in 1968 to a profit of $4.7 million...
...will need all his talents at Krupp. Undercapitalized and overly dependent on steel, the big concern earned only $452,000 last year on sales of $1.8 billion (German operations only). Krackow hopes to do better by making the company multinational. Says he: "I can conceive of opportunities for American partners to collaborate with Krupp in Europe in certain areas, using American know-how. Conversely, I can think of areas in America that could well be enriched with Krupp ideas." The Weser subsidiary, for instance, has been developing ice-breaking bulk carriers and tankers, and Krackow hopes to enter into joint...