Word: maersk
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Dates: during 1960-1969
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When his ship Valkyrien foundered on the coast of Scotland in 1883, Danish Captain Peter Maersk MØller thought he saw a seven-pointed star in the sky. Even in that moment of disaster, MØller, an optimist if ever there was one, decided that he had witnessed an omen of good fortune. Apparently he was right: today the family flag, a seven-pointed white star on a light blue field, is known the world over. It flies on 92 freighters, tankers and other vessels of the Maersk Line, over a shipyard and machinery and petrochemical plants, even...
...vessel into what is now a multimilliondollar empire. A believer in running a tight ship, A. P. MØller was one of Denmark's richest men when he died in 1965 at the age of 88. He passed the helm of the company to his son, Maersk McKinney* MØller, now 54, who commands his diverse enterprises from an inconspicuous red brick building on King's Square in Copenhagen. Near his desk hangs a world map on which colored magnets chart the day-by-day movements of Maersk Line ships. Says MØller: "What...
...Working without government support, we must compete with flag preferences and subsidized companies-in reality with foreign governments. But we work hard, we watch our expenses and we try to give service second to none," MØller explains. The system works. This year Maersk ships represented half of the Danish merchant fleet's total ton nage of 4,000,000 tons...
...modest, retiring man, Maersk McKinney MØller credits his success to two things: his grandfather's star and his father's motto: "No detail is too small. No effort too great...
...storybook rise from merchant's apprentice, Mø11er (pronounced roughly Mew-lehr) has always believed in one precept besides making money: do something for Denmark. Mostly, what he has done for Denmark is to invest in it. With the profits earned abroad by his 85-ship Maersk Line and his 25,000-acre Tanganyika sugar plantation, he has built his country's biggest industrial empire, which ranges from shipyards to petrochemical plants and employs 9,000 Danes...