Word: soci
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...Road builders understand equally why blacktop pavement is eaten away from below. The guilty parties in both cases are microorganisms that go for hydrocarbons like kittens lapping spilled cream. Until recently no one made much of the hungry bugs' peculiar tastes blast week Research Director Alfred Champagnat of Société Française des Pétroles, a subsidiary of British Petroleum Co Ltd. announced that he has domesticated the oil eaters and that they are excellent food for both man and beast...
...wiped out the European conviction that a company's profit figures are to be guarded like nuclear secrets. But to a growing degree, European executives are recognizing that public opinion does affect their business. Though his predecessor as chairman of Belgium's Société Générale was so aloof that he Defused even to release his photo for publication, new Chairman Max Nokin freely allows both pictures and interviews in an effort to counter charges that his firm is meddling in Congolese politics. More important, with European workers now earning better wages, their...
...where mutual funds are exempt from taxes. Spreading its investment among 93 Common Market companies, EURUNION has increased its assets from $12 million to $33 million in two years. EURUNION's archrival, VALEUROP, which is run by another syndicate of banks including the Amsterdamsche Bank, Banque de la Société Générale de Belgique and the Deutsche Bank, also boasts a spectacular record: $100 invested in VALEUROP 18 months ago is now worth...
...Belgium's biggest business assembled last week to pick a new chief for what they call "The Mother Company" and what their many critics call "The State within a State." In making their choice, the directors of the Société Générate de Belgique bowed to the gusts of change that are sweeping the company, from Brussels to its vast holdings in the Congo. Seeking a successor to close-mouthed Governor (i.e., chairman) Paul Gillet, who is retiring at 70, they skipped over the vice governors and plucked out Director Max Nokin...
...Hans Glas are making cars together, Luxembourg's Dostert and Germany's Wilhelm Seibel truck trailers. Agfa and France's Vedette are collaborating on cameras. Eurista is a new FrenchGerman coalition making electrical resistors. Gasoline is now distributed in France and Germany by Desmarais. The Société Française PIC and Krupp recently signed an agreement to build a petroleum plant. "Within a few more years," says a West German industrialist wonderingly, "no government will be able to pull out of the Community. The businessmen won't let them." This is precisely what...