Word: wallenbergs
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Dates: during 1960-1969
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...Bethlehem's Edmund Martin, Columbia Broadcasting's William S. Paley, President Orville Beal of Prudential Insurance, and Texaco Chairman Howard Rambin Jr. Among the foreign bankers: Director Otmar Emminger of West Germany's Deutsche Bundesbank, Governor Louis Rasminsky of the Bank of Canada, Vice Chairman Marcus Wallenberg of the powerful Stockholms Enskilda Bank...
...Volvo, sparked by dynamic Gunnar Engellau, the first European automaker to build a North American assembly plant. Behind Swedish industry's plans to spend a billion dollars for new plant and equipment this year stand such powerful banking and business dynasties as that of the entrepreneurial House of Wallenberg...
...Swedish language as a symbol of the shake-up and the clean sweep is tall, squarejawed Curt René Nicolin, 42, one of Sweden's brightest young businessmen and the chief troubleshooter for the family that controls or persuasively advises more than half of all Swedish industry, the Wallenbergs. Says Banker Marcus Wallenberg: "Nicolin has a sense and a feel for management...
...time he was 32, he had won recognition as head of the team that developed Sweden's first jet engine and commercial gas-turbine. He became STAL president in 1955, did such a good job of making the company cost-minded that he caught the eye of Marcus Wallenberg. ASEA was tops technologically, but its organization had become fat and unwieldy. The Wallenbergs moved Nicolin in to remake the firm...
Brand-New City. The financial genius behind Nimba is Swedish Financier Marcus Wallenberg, 64 (TIME, June 7), who saw the opportunities in Liberia and knitted together half a dozen Swedish mining companies and U.S. and German financial interests into a complex consortium called LAMCO-Libe-rian American-Swedish Minerals Co. LAMCO dispatched Geologist Clark to Nimba when almost everyone else in Liberia was searching elsewhere for iron. After Clark's discovery, President William Tubman's government gave the company exemption from taxes and a mining concession until 2023 in return for half ownership of LAMCO. A substantial junior...