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Another case led to a secret room, hollowed out of the hillside behind the garage of a $45,000 home in a Westchester County suburb, north of New York City. The items confiscated there included half a pail of capsules marked "SKF" (for Smith Kline & French, the makers of Dexedrine), a small barrel of counterfeit Seconals, paper bags containing yellow tablets imprinted "Ciba," bags of waterlogged, unidentified tablets, and a 110-lb. drum marked "Made in Italy" and containing a dubious white powder. Added together these items gave the FDA an unusually persuasive collection of evidence...
ICOMI has been so successful, in fact, that it is beginning to make its presence felt all over Brazil. It recently joined with Sweden's SKF to build a ball bearing plant near São Paulo, is making plans to expand into the sugar, plywood and palm-oil businesses. With world manganese prices once more moving up after a slump, ICOMI expects soon to have even more money for seed capital and diversification...
Caution & Adventure. Skandinaviska bailed out many of Kreuger's companies in a rescue operation that won it the lasting respect-and the banking business-of such large Swedish corporations as automaking Volvo and the ball-bearing giant SKF. Says Lars-Erik Thunholm, 50, one of the bank's three managing directors: "Caution alone could not make banking a creative force. Caution must be coupled with adventure." By successfully coupling them, Skandinaviska has proved anew that one plus one often adds up to much more than...
Beggars & Admen. Leuenroth learned advertising from his father, Eugenio, who opened an agency 52 years ago when, he says, businessmen commonly hung out such signs as: "Beggars and advertising men seen only on Wednesday." Eugenio Leuenroth's first "campaign" was a three-inch newspaper display for SKF ball bearings, but by 1923 he had signed some overseas giants, including Ford. Cicero joined the business after graduating from Columbia University ('25), now runs it with the advisory help of his 80-year-old father, who still visits the office daily. With business bustling, Cicero has branched into philanthropy, recently...
...persuasively advise-no fewer than 50 Swedish companies, or more than half of Sweden's industry. Directly under Wallenberg management are most of Sweden's international companies, including plane-and automaking SAAB, the $275 million telephone equipment manufacturer L. M. Ericsson, the $500 million ballbearing producer SKF, and Stora Kopparberg, a diversified mining and mineral complex (TIME, March 15). The family also guides Stockholm's largest department store and the company that runs the city's three most luxurious restaurants. In no other industrialized nation in the world does one family exert such enormous economic power...