Word: rossenray
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...unique contract in which the late Alfried Krupp's son and sole heir, Arndt von Bohlen und Halbach, renounced his rights to a $500 million inheritance. In return, Arndt, for the rest of his life, would receive 2½% of the sales from Krupp's Rossenray coal mine, one of the richest in the Common Market. This year that stipend will amount...
Miners Rebel. A problem arose when the government persuaded a group of coalmen to get together this year to form Ruhrkohle, A.G., a state-funded giant that aims eventually to mine 85% of the Ruhr's coal. Everybody wanted the Rossenray in the combine mine-but who would pay for Arndt's allowance? Naturally, the combine would have to do so, insisted Günther Vogelsang, the chairman of the executive board of the Krupp empire, who has brought the company back from the brink of bankruptcy in 1967 to the point where it now expects a profit...
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