Word: soci
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...mighty Société Générale de Belgique, a supercombine that controls a fourth of Belgium's industry and half of the Congo's, is growing mightier still. Last week it announced that its Banque de la Société Générale, by far the largest bank in Belgium, would gobble up two other banks, the Banque d'Anvers and the Société Belge de Banque. The combine's banking subsidiary will thereby increase its deposits by nearly 20% to more than $2 billion...
Onassis did not come emptyhanded. Rainier was originally delighted to see him, because the Greek shipping magnate invested some $1,500,000 in 52% of the stock of the Société des Bains de Mer, an Edwardian sprawl of properties that includes the casino, the yacht club, the 60-year-old Hótel de Paris and about one-third of Monaco's 375 acres. Bien, thought Rainier, Ari will also bring in his rich friends, make the roulette wheels spin as they used to before the war-and use the S.B.M.'s reserves to build...
Most seriously hit was El Cobre, a tiny copper town run by a subsidiary of Baron Guy de Rothschild's Société Minière et Métallurgique de Penarroya. For 35 years the mineowners had channeled their slag into a reservoir behind a 230-ft. earth dam. Just below the dam were the wooden huts of the town's 400 miners. When the tremors came, the dam gave way, and the thick, muddy waste exploded out across the valley, burying 200 people in seconds. One woman who saw it coming managed to scramble...
...agreements granting the Congolese government major stockholder participation in 76 Belgian companies (ranging from the giant Union Minière du Haut-Katanga through Sabena Airlines to the Leopoldville City Bus Co.). It also contained a dividend check for $1,840,000 from the all-pervasive Belgian holding company, Société Générale-the first, Tshombe hoped, of many to come. "From this day," Tshombe proclaimed, "the Congo can call itself politically and economically independent...
Died. Paul Gillet, 73, governor from 1950 to 1961 of Belgium's Société Génerale, the massive holding company that controls 60% of all Belgian industry, a shadowy figure so inaccessible (no published picture of him exists) that even Société officials had difficulty getting to him, but who broke his usual silence in 1960 to argue against independence for the Congo, considering the Congolese "not ripe" for it; after a long illness; in Brussels...