Word: telefonica
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Dates: during 1950-1959
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...civil-war-torn Madrid, I.T. & T.'s 13-story Telefonica headquarters was shelled 184 times by Franco gunners, while retreating Loyalists threatened to blow it up as a suspected spy center. Ramrod-stiff Colonel Behn himself arrived to save I.T. & T.'s besieged fortress, eventually sold the whole Spanish company to Franco for $88 million. In Western Europe, Nazi expropriations cut the 40% income that I.T. & T. got from the subsidiary International Standard Electric, to zero. But in Rumania, Behn arrived in the nick of time, sold out for $13.8 million shortly before the country went over...