Word: verein
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...Bouchard remembers Leder as “a sophisticated Washington man.” “I was in awe of all of the stuff that he knew,” he recalls. A biochemical sciences concentrator, Leder dabbled in German and even participated in “Verein Turmwaechter,” a social and cultural club for Germanophiles. But Leder says he focused his time on academics. “My major ‘extracurricular’ activity was my lab thesis,” he says. “As I had science courses with...
Rebuilding the corporate structure partly dismantled by Allied postwar regulations, Krupp reacquired such major divested properties as Bochumer Verein, a profitable high-quality steel plant, and Capito & Klein, originally part of the big Rheinhausen steel mill, went on to buy several big steel fabricators. It failed to sell Rheinhausen as required by an Allied directive, and the deadline has been extended so often (every year since 1958) that the sale is now regarded as a dead issue. Krupp might have done better to sell: Beitz admits that Rheinhausen is losing money, and outsiders guess that the loss has been running...
...letting Krupp keep his property. Only the British have insisted on holding Krupp to his promise. Since there is little they can-or want to -do about it, the Allies may now decide to release Krupp formally from his pledge. Krupp is already believed to own 75% of Bochumer Verein's stock, obtained through the good offices of his friend, Swedish Industrialist Axel Wenner-Gren...
...Eight. The trend toward reconcentration of West German industry affects more than Krupp. Eight big firms-Krupp (with Bochumer Verein), Dortmund-Horder Hlittenunion, Phoenix-Rheinrohr, Mannesmann, Hoesch Werke, Klockner-Werke, August Thyssen-Hütte, Hüttenwerk Oberhausen-control 75% of West Germany's steel production, almost 40% of German coal...
...August Thyssen-Hütte, one of the keystones of a huge Third Reich steel combine of 177 companies, has applied to the High Authority to merge with Phoenix-Rheinrohr, West Germany's third biggest steel producer. The move would create a giant even bigger than Krupp-Bochumer Verein, with a 6,000,000-ton capacity and nearly $1 billion in sales. Mannesmann, the No. 4 steel producer, recently eliminated several of its subsidiaries, absorbed them into the main firm. The trend to growth extends beyond iron and coal. Friedrich Flick, a prewar steel baron who was forced...