The International Bankers, World Wars I, II, and Beyond
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Managing Political Risk in Global Business: Beiersdorf 1914-1990
Managing Political Risk in Global Business: Beiersdorf 1914-1990 Geoffrey Jones Christina Lubinski Working Paper 12-003 July 22, 2011 Copyright © 2011 by Geoffrey Jones and Christina Lubinski Working papers are in draft form. This working paper is distributed for purposes of comment and discussion only. It may not be reproduced without permission of the copyright holder. Copies of working papers are available from the author. Managing Political Risk in Global Business: Beiersdorf 1914-1990 Geoffrey Jones Christina Lubinski 1 Abstract This working paper examines corporate strategies of political risk management during the twentieth century. It focuses especially on Beiersdorf, a German-based pharmaceutical and skin care company. During World War 1 the expropriation of its brands and trademarks revealed its vulnerability to political risk. Following the advent of the Nazi regime in 1933, the largely Jewish owned and managed company, faced a uniquely challenging combination of home and host country political risk. The paper reviews the firm's responses to these adverse circumstances, challenging the prevailing literature which interprets so-called "cloaking" activities as one element of businesses’ cooperation with the Nazis. The paper departs from previous literature in assessing the outcomes of the company’s strategies after 1945. It examines the challenges and costs faced by the company in recovering the ownership of its brands. While the management of distance became much easier over the course of the twentieth century because of communications -
NATIONAL LIFE STORIES CITY LIVES Martin Gordon Interviewed
NATIONAL LIFE STORIES CITY LIVES Martin Gordon Interviewed by Louise Brodie C409/134 This interview and transcript is accessible via http://sounds.bl.uk. © The British Library Board. Please refer to the Oral History curators at the British Library prior to any publication or broadcast from this document. Oral History The British Library 96 Euston Road London NW1 2DB United Kingdom +44 (0)20 7412 7404 [email protected] Every effort is made to ensure the accuracy of this transcript, however no transcript is an exact translation of the spoken word, and this document is intended to be a guide to the original recording, not replace it. Should you find any errors please inform the Oral History curators Martin Gordon C409/134/F5288-A/Part 1 F5288 Side A [This is the 8th of August 1996. Louise Brodie talking to Martin Gordon.] Could you tell me where and when you were born please? I was born on the 19th of July 1938, the year of the Tiger. I was born in Kensington, in St. Mary Abbot's Terrace. My father was an economist. And, my father had been born in Italy at the beginning of the century; my mother had been born in China in 1913, where her father had been practising as a doctor in Manchuria. Therefore I came from a very international background, albeit my family was a Scottish-English family and I was born in London, but I always had a very strong international inclination from my parents and from other members of my family around the world. -
Howard J. Garber Letter Collection This Collection Was the Gift of Howard J
Howard J. Garber Letter Collection This collection was the gift of Howard J. Garber to Case Western Reserve University from 1979 to 1993. Dr. Howard Garber, who donated the materials in the Howard J. Garber Manuscript Collection, is a former Clevelander and alumnus of Case Western Reserve University. Between 1979 and 1993, Dr. Garber donated over 2,000 autograph letters, documents and books to the Department of Special Collections. Dr. Garber's interest in history, particularly British royalty led to his affinity for collecting manuscripts. The collection focuses primarily on political, historical and literary figures in Great Britain and includes signatures of all the Prime Ministers and First Lords of the Treasury. Many interesting items can be found in the collection, including letters from Elizabeth Barrett Browning and Robert Browning Thomas Hardy, Queen Victoria, Prince Albert, King George III, and Virginia Woolf. Descriptions of the Garber Collection books containing autographs and tipped-in letters can be found in the online catalog. Box 1 [oversize location noted in description] Abbott, Charles (1762-1832) English Jurist. • ALS, 1 p., n.d., n.p., to ? A'Beckett, Gilbert A. (1811-1856) Comic Writer. • ALS, 3p., April 7, 1848, Mount Temple, to Morris Barnett. Abercrombie, Lascelles. (1881-1938) Poet and Literary Critic. • A.L.S., 1 p., March 5, n.y., Sheffield, to M----? & Hughes. Aberdeen, George Hamilton Gordon (1784-1860) British Prime Minister. • ALS, 1 p., June 8, 1827, n.p., to Augustous John Fischer. • ANS, 1 p., August 9, 1839, n.p., to Mr. Wright. • ALS, 1 p., January 10, 1853, London, to Cosmos Innes. -
Diplomacy & Statecraft JM Keynes and the Personal Politics of Reparations
This article was downloaded by: [Professor Stephen Schuker] On: 23 November 2014, At: 19:47 Publisher: Routledge Informa Ltd Registered in England and Wales Registered Number: 1072954 Registered office: Mortimer House, 37-41 Mortimer Street, London W1T 3JH, UK Diplomacy & Statecraft Publication details, including instructions for authors and subscription information: http://www.tandfonline.com/loi/fdps20 J.M. Keynes and the Personal Politics of Reparations: Part 1 Stephen A. Schuker Published online: 30 Aug 2014. To cite this article: Stephen A. Schuker (2014) J.M. Keynes and the Personal Politics of Reparations: Part 1, Diplomacy & Statecraft, 25:3, 453-471, DOI: 10.1080/09592296.2014.936197 To link to this article: http://dx.doi.org/10.1080/09592296.2014.936197 PLEASE SCROLL DOWN FOR ARTICLE Taylor & Francis makes every effort to ensure the accuracy of all the information (the “Content”) contained in the publications on our platform. However, Taylor & Francis, our agents, and our licensors make no representations or warranties whatsoever as to the accuracy, completeness, or suitability for any purpose of the Content. Any opinions and views expressed in this publication are the opinions and views of the authors, and are not the views of or endorsed by Taylor & Francis. The accuracy of the Content should not be relied upon and should be independently verified with primary sources of information. Taylor and Francis shall not be liable for any losses, actions, claims, proceedings, demands, costs, expenses, damages, and other liabilities whatsoever or howsoever caused arising directly or indirectly in connection with, in relation to or arising out of the use of the Content. -
Paul M. Warburg: Founder of the United States Federal Reserve Richard A
Sacred Heart University DigitalCommons@SHU History Faculty Publications History Department 5-13-2013 Paul M. Warburg: Founder of the United States Federal Reserve Richard A. Naclerio Sacred Heart University, [email protected] Follow this and additional works at: http://digitalcommons.sacredheart.edu/his_fac Part of the Economic History Commons, and the United States History Commons Recommended Citation Naclerio, Richard A., "Paul M. Warburg: Founder of the United States Federal Reserve" (2013). History Faculty Publications. Paper 99. http://digitalcommons.sacredheart.edu/his_fac/99 This Conference Proceeding is brought to you for free and open access by the History Department at DigitalCommons@SHU. It has been accepted for inclusion in History Faculty Publications by an authorized administrator of DigitalCommons@SHU. For more information, please contact [email protected]. Paul M. Warburg: Founder of the United States Federal Reserve Prof. Richard A. Naclerio May 13, 2013 Paul Moritz Warburg The name Paul Moritz Warburg is synonymous with the founding of the Federal Reserve System. Warburg’s impact on American banking is a parallel to his family’s impact on European banking. The epic story of the Warburg family of European bankers can be traced back to the early 1500s when Simon von Cassel settled in the German Westphalia town of Warburg (originally founded by Charlemagne in 778 and was then known as Warburgum) and began the family’s quest for money and financial power. Although the Warburgs excelled in many other occupations throughout Europe, it was this lineage that produced some of the most successful bankers in the world. Blessed with sharp minds and good business sense, the generations of the Warburg clan gained seemingly boundless money and power. -
Keynesianism in Germany
2019 ASSA Conference January 4-6, Atlanta, GA Keynesianism: Its Rise, Fall and Transformation in Europe and North America Keynesianism in Germany Harald Hagemann University of Hohenheim, Stuttgart, Germany Keynesianism in Germany 1. Keynes in the Weimar Republic 2. The wage-employment debate in Germany and in the UK 3. The German edition of The General Theory: Controversies on the preface 4. Post WWII 1. Economic Theory Erich Schneider 2. Economic Policy Karl Schiller 5. Keynes Gesellschaft (since 2003) 2 1. Keynes in the Weimar Republic Keynes had been a central point of reference in economic debates in Weimar Germany ever since his publication of The Economic Consequences of the Peace. Die wirtschaftlichen Folgen des Friedensvertrags (1920) In 1919 Keynes befriended Carl Melchior (Warburg Bank, Hamburg) Chairman of the German finance delegation at Versailles Keynes essays (51) published in Der Wirtschaftsdienst edited by Kurt Singer (1920-27) and Eduard Rosenbaum (1927-33) 3 2. The wage-employment debate in Germany and the UK There had been many parallels in the debates on the wage-employment nexus between Germany and Britain in the years 1929-32. This topic also matters for some controversies which center on an important paragraph at the end of Keynes´s Preface to the German edition of the General Theory. Germany: Reparation payments: Necessity to generate export surpluses Britain: Return to the gold standard at pre-WWI parities Keynes (1925): ‘The Economic Consequences of Mr. Churchill’ Keynes: ‘The Question of High Wages’ (1930) advocated squeezing the higher wages out of increased efficiency, i.e. relative instead of absolute wage reductions to regain international price competitiveness 4 The watershed year 1933 J.M. -
Off the Tracks Volume 2
Works Cited Aanstoos, Christopher M., Ilene Serlin and Thomas Greening. (2000). History of Division 32 (Humanistic Psychology) of the American Psychological Association.In: Donald A. Dewsbury, ed. Unification through Division: Histories of the Divisions of the American Psychological Association, Vol. V. (Washington, DC: American Psychological Association. Abbott, Frank C. Report of the Committee on the Professions, Case #8128. (August 18, 1981). New York State Department of Education. Acocella, Joan. (1999). Creating Hysteria: Women and Multiple Personality Disorder. San Francisco: Jossey-Bass. Albarelli, H.P., Jr. (2009). A Terrible Mistake: The Murder of Frank Olson and the CIA’s Secret Cold War Experiments. New York: Trine Day. Alexander, Franz. (1960). Gregory Zilboorg. Bulletin of the American Psychoanalytic Association 16:380–381. ________. (December 16, 1941). Letter to Board of Directors, New York Psychoanalytic Society. A.A. Brill Library, New York Psychoanalytic Society & Institute. ________. (December 16, 1941). The Qualifications of a Psychoanalyst. A.A. Brill Library, New York Psychoanalytic Society & Institute. Alexander, Franz and Hugo Staub, tr. Gregory Zilboorg. (1931). The Criminal, the Judge, and the Public: A Psychological Analysis. New York: Macmillan. Alexander, Ilonka Venier. (2015). The Life and Times of Franz Alexander: From Budapest to California. London: History of Psychoanalysis Series, Karnac. Alexander, Jack. (December, 1941). “The Richest Boy in the World” Becomes Our No. 1 Angel. Saturday Evening Post. Alexander, Peter N., dir. (2001). The Profit. 1007 OFF THE TRACKS VOLUME 2 Alimurung, Gendy. (December 5, 2013). A Hypnotherapist Built a Career on Alien Abductions, and Her Experiences May Unnerve You. (Accessed February 8, 2016). LA Weekly. http://www.laweekly.com/news/a-hypnotherapist-built-a-career-on-alien- abductions-and-her-experiences-may-unnerve-you-4137401. -
Legacy of Finance
Legacy of finance conference 23 June 2017 BNP Paribas – Paris - France eabh in cooperation with BNP Paribas and Banque Lombard Odier Keynote speech Kwasi Kwarteng (Cambridge University/member of the British parliament) Haute banque and real estate asset management: the case of Camondo; 1802-1919 Lorans Tanatur Baruh (SALT Istanbul) New Bank and the culture of the Haute Banque in France in the second half of the 19th century Nicolas Stoskopf (Centre de recherche sur les économies, les sociétés, les arts et les techniques, CRESAT Mulhouse) The haute banque, American Civil War debt, and the global integration of 19th century capital markets David K. Thomson (Sacred Heart University) The D´Eichthal Bank between St. Simonism and investment in Greece in the 19th century Korinna Schönhärl (Essen University) Neuflize OBC and predecessors, 19th and 20th centuries Ton de Graaf (ABN AMRO) Merchant banks in France 1970s to 1990s Hubert Bonin (Science Po Bordeaux) British public finance 1815 – 1844: Pillars of order Presented to Legacy of Finance Conference Paris, Friday 23rd June 2017 Keynote address Dr Kwasi Kwarteng MP Revolutionary wars from 1792 to 1815 A series of military conflicts in the aftermath of the French revolution which saw a coalition of European nations, such as Britain, Prussia, Austria and Russia succeed in restraining the ambitions of France. 1 Huge national debt: ratio of debt to GDP > 250% National debt as percentage of UK GDP from 1692 - 2012 2 Immediate aftermath: unrest, turbulence The poet Percy Bysshe Shelley (1792 – 1822) “Let the Ghost of Gold The Peterloo massacre, Manchester, 16th August 1819. -
Shelling Russia's White House in 1993
WWW.BNE.EU Russian retail investors piling into the stock market for the first time, but CBR worried about rising risks Estonian premier quits after Tallinn development scandal February 2021 Fears of authoritarianism as Kyrgyz populist wins landslide and backing for ‘Khanstitution’ Making Magnit great again Has Navalny started a revolution? SHELLING RUSSIA’S WHITE HOUSE IN 1993 What a real coup looks like Belarus’ IT industry The oligarch problem OUTLOOKS 2021 in meltdown p.35 p.42 p.24 ISSN 2059-2736 ISSN 2 I Contents bne February 2021 Senior editorial board Ben Aris editor-in-chief & publisher I Berlin 206 +49 17664016602 I [email protected] Clare Nuttall news editor I Glasgow +44 7766 513641 I [email protected] William Conroy editor Eurasia & SE Europe I Prague +420 774 849 172 I [email protected] ——— Subscriptions Stephen Vanson 7 London I +44 753 529 6546 [email protected] ——— COMPANIES & MARKETS 14 Russian petrochemical giant Sibur Advertising closes $11bn joint venture deal to 4 Hungarian official threatens build Amur Gas Chemical plant Elena Arbuzova to wage war on foreign with China’s Sinopec business development director I Moscow +7 9160015510 I [email protected] retailers ——— 16 Rio Tinto reports maiden ore 5 Hungary's largest bank reserve at Jadar project in Serbia Design merger granted exemption Olga Gusarova from competition scrutiny 17 Turkish hotels in fire sale art director I London +44 7738783240 I [email protected] 6 Foreign investors eye 18 Online video service ivi.ru starts bargains on distressed NASDAQ IPO registration procedure Please direct comments, letters, press releases Budapest hotel market, but and other editorial enquires to [email protected] owners won't budge 19 AFC CAPITAL: Uzbekistan’s stock market re-rating has much further All rights reserved. -
The Federal Reserve Cartel: the Rothschild, Rockefeller and Morgan
DIFFERENTLIFE.NET NEWS TERMS OF SERVICE PRIVACY POLICY The Federal Reserve You Might Also Like Cartel: The You Might Also Like Rothschild, Rockefeller and Morgan Families ! October 27, 2019 " adpublisher # Social $ 0 You Might Also Like You Might Also Like Part One: The Banking Houses of Morgan and Rockefeller The Four Horsemen of Banking (Bank of America, JP Morgan Chase, Citigroup and Wells Fargo) own the Four Horsemen of Oil (Exxon Mobil, Royal Dutch/Shell, BP and Chevron Texaco); in tandem with Deutsche Bank, BNP, Barclays and other European old money behemoths. But their monopoly over the global economy does not end at the edge of the oil patch. According to company 10K filings to the SEC, the Four Horsemen of Banking are among the top ten stock holders of virtually every Fortune 500 corporation.[1] So who then are the stockholders in these money center banks? This information is guarded much more closely. My queries to bank regulatory agencies regarding stock ownership in the top 25 US bank holding companies were given Freedom of Information Act status, before being denied on “national security” grounds. This is rather ironic, since many of the bank’s stockholders reside in Europe. One important repository for the wealth of the global oligarchy that owns these bank holding companies is US Trust Corporation – founded in 1853 and now owned by Bank of America. A recent US Trust Corporate Director and Honorary Trustee was Walter Rothschild. Other directors included Daniel Davison of JP Morgan Chase, Richard Tucker of Exxon Mobil, Daniel Roberts of Citigroup and Marshall Schwartz of Morgan Stanley. -
The Venetian Conspiracy
The Venetian Conspiracy « Against Oligarchy – Table of Contents Address delivered to the ICLC Conference near Wiesbaden, Germany, Easter Sunday, 1981; (appeared in Campaigner, September, 1981) Periods of history marked, like the one we are living through, by the convulsive instability of human institutions pose a special challenge for those who seek to base their actions on adequate and authentic knowledge of historical process. Such knowledge can come only through viewing history as the lawful interplay of contending conspiracies pitting Platonists against their epistemological and political adversaries. There is no better way to gain insight into such matters than through the study of the history of the Venetian oligarchy, the classic example of oligarchical despotism and evil outside of the Far East. Venice called itself the Serenissima Republica (Serene Republic), but it was no republic in any sense comprehensible to an American, as James Fenimore Cooper points out in the preface to his novel The Bravo. But its sinister institutions do provide an unmatched continuity of the most hideous oligarchical rule for fifteen centuries and more, from the years of the moribund Roman Empire in the West to the Napoleonic Wars, only yesterday in historical terms. Venice can best be thought of as a kind of conveyor belt, transporting the Babylonian contagions of decadent antiquity smack dab into the world of modern states. The more than one and one-half millennia of Venetian continuity is first of all that of the oligarchical families and the government that was their stooge, but it is even more the relentless application of a characteristic method of statecraft and political intelligence. -
Guidelines for Using the Index of Persons and Places
Guidelines for Using the Index of Persons and Places The index contains the names of more than 15,000 persons and places mentioned in Witt’s diary. In addition, it contains over 1,000 references that are meant to assist the reader in finding specific persons and places. The comments below are intended to help facilitate use of the index and to explain the possibilities and limits for indexing of names of persons and places mentioned in Witt’s diary. Page numbers and volumes in the index refer to page numbers and volumes of the manuscript. The page numbers of the manuscript are inserted in brackets in the present text. Persons The index encompasses all specifically named real individuals. Indirect mention of or allusion to a person, where the person’s name is not mentioned, have not been included (thus, for example, the mention of a person by indication of his/her family relationship or formal office − e.g. ‘his brother,’ ‘the mayor of Lima’). A person’s name is likewise not indexed if the name itself is not mentioned but rather only an artifact named after the individual (e.g. ‘Trajan’s Column’). However, the person’s name is indexed if it is part of the name of a business firm, such as ‘Antony Gibbs and Sons,’ although ‘and sons’ here would not be included in the entry. If families, spouses, or the children of a family are indexed as a couple or a group, wherever possible they are indexed individually with their first name as well. If the first name is not known, then wherever possible an addition is included (such as the word ‘family’ or ‘Mr., Mrs., Miss, Ms.’) in order to indicate whether the referent is a family, a man or boy, a woman or girl.