Word: ruhr
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Dates: during 1960-1969
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Expanding Horizons. For all of Europe's managers the Common Market has rolled back horizons. A Ruhr industrialist, who a few years ago entertained foreigners only on formal occasions, now thinks nothing of inviting a clutch of executives from other Common Market nations to drop by for cocktails. West German Electrical Magnate Ernst von Siemens flatly declares that any executive who hopes to rise in his company must first cut the mustard in a Siemens branch abroad. Belgium's Nokin is particularly proud of presiding over the first truly "European" steel company: the big (1.1 million ton capacity...
...economic miracle, none rose faster or higher than jowly Willy Schlieker (rhymes with bleaker), 48. Born in the slums of Hamburg, Schlieker started out as a clerk in a law court, at 28 was chief of wartime steel allocation for the Nazi government. After the war, capitalizing on his Ruhr contacts, Schlieker built up a steelmaking, shipbuilding and trading empire that last year grossed $200 million. Last week, two months after he had been featured on TV as one of Germany's richest men, the bottom fell out for Willy Schlieker...
...tubby onetime coal-mine handyman has West Germany's industrial titans worried. As boss of his nation's 522,000-member mine and power workers' union, Heinrich Gutermuth, 64, recently inveigled the Adenauer government into arbitrating a 7% wage rise for his Ruhr miners by threatening a strike on the eve of important local elections. West Germany's faltering coal industry will have to rely on some sort of government subsidy to meet the extra $82 million-a-year wage bill. Now Gutermuth is touring the Common Market nations urging all six to nationalize their coal...
Shaky Coalition. North Rhine-Westphalia's voters-Ruhr factory workers, middle-class merchants and farmers-were to choose new deputies for the Landtag (state legislature). The election ended the C.D.U.'s control of the 200-seat legislature, reduced the party's seats from 104 to 96. The Free Democrats, who had hopes of boosting their influence, instead lost a seat for a new total of 14. The only gainers were the ideologically refurbished Socialists, who have attracted increasing support since they dropped Marxist neutralist slogans in favor of bourgeois appeals for prosperity, moderate reform and NATO...
...difference may be hard to tell. Ruhr-born Miller joined Demag in 1927, five years after Hans Reuter went to work there, and rose from compressor salesman to head engineer. For the past two decades, he and Reuter have worked together 14 hours a day, automating Demag's production lines, planning new products, and maneuvering salesmen around the globe to outbid competitors. A slow-spoken technocrat, Miller is alleged by his plaintive subordinates to start his work day "shortly after midnight...