Thyssenkrupp AG in Respect of Non-Equity Securities Within the Meaning of Art
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The Thyssen Art Macabre Chapter II (Page 33) 1900-1915 : the Arrival of the Bornemiszas
Contents Abbreviations (Page xiii) Acknowledgements (Page xv) Introduction (Page 3) Prologue (Page 5) 1996: Heini & Tita ... Lunch on the Costa Brava Meeting in Spain, with the Baron and Baroness Thyssen-Bornemisza prior to the Thyssen v. Thyssen court case in Bermuda : The final chapter in the $3.5 billion legal battle between Heini and his eldest son. Chapter I (Page 13) 1685—1900 : 'Old' August Thyssen ... The myth of the self-made man The Thyssens' rise to power : The birth of August Thyssen: His privileged education: His and his sister's financially motivated marriages: The vital contribution of his brother Josef: The creation of the Thyssen brothers' industrial empire : August's brilliant but ruthless business methods: The birth of his four children : The collapse of his marriage leading to a crippling settlement which resulted in the loss of ownership of his industrial empire : The arrival of the Price family. The Thyssen Art Macabre Chapter II (Page 33) 1900-1915 : The arrival of the Bornemiszas ... Buying into the aristocracy August Thyssen's status as the first German billionaire and one of the richest men in the world : The acquisition of a castle and his foundation of an art collection : His son Heinrich's purchase of the title of Baron from the Bornemisza family and assumption of the role of Hungarian aristocrat as the Baron Heinrich Thyssen-Bornemisza : The first Thyssen v. Thyssen court battle between father and son : Start of company's war production. Chapter III (Page 52) 1915-1926 : Blood & iron ... The profits of war The death of August's brother Josef: August's sons, Heinrich and Fritz's introduction to the business : Founding of Dutch bank : Their profitable survival of the First World War : Heinrich's flight to Holland from the communist revolution in Hungary : Development of family's anti- Semitism : Birth of Heini and separation of parents : Heini's childhood : Beginning of Fritz and Heinrich's involvement with Hitler and the Nazi Party : Founding of Heinrich's American bank : The death of August Thyssen and his dreams of a dynasty. -
Erich Mercker and “Technical Subjects”: Industrial Painting in the Eras of Weimar and Nazi Germany
H-Labor-Arts Erich Mercker and “Technical Subjects”: Industrial Painting in the Eras of Weimar and Nazi Germany Discussion published by Patrick Jung on Saturday, October 7, 2017 (Copyright 2008, Society of Industrial Archeology and reprinted with permission) From the author: This article was published earlier in Industrial Archaeology: The Journal of the Society for Industrial Archeology, vol. 34, nos. 1 & 2. It is reproduced here on H-Labor Arts to make it available to a wider audience. I wrote this article while I was in the midst of finishing a book-length manuscript on Erich Mercker, who was, undoubtedly, one of the top industrial artists in Germany from 1919 to 1945. He and his contemporaries (e.g., Fritz Gärtner, Franz Gerwin, Ria Picco-Rückert, Leonhard Sandrock, and Richard Gessner) constituted a school of artists who I have provisionally labeled the “Heroic School” of German industrial art from 1919 to 1945. The Grohmann Museum in Milwaukee, Wisconsin has paintings produced by virtually all of these artists. It also has more than 90 paintings by Erich Mercker, more than any other art museum in the world. Thus, it is fitting this article should appear on the H-Labor Arts site titled “From the Grohmann….” I also hope this essay will spur more research into Mercker and his “Heroic School” contemporaries, all of whom produced some of the most stunning examples of industrial art during the course of the early twentieth century. Those interested in reading the full-length biography on Erich Mercker (for which this article paved the way) should contact the Grohmann Museum at [email protected]. -
Nazi Privatization in 1930S Germany1 by GERMÀ BEL
Economic History Review (2009) Against the mainstream: Nazi privatization in 1930s Germany1 By GERMÀ BEL Nationalization was particularly important in the early 1930s in Germany.The state took over a large industrial concern, large commercial banks, and other minor firms. In the mid-1930s, the Nazi regime transferred public ownership to the private sector. In doing so, they went against the mainstream trends in western capitalistic countries, none of which systematically reprivatized firms during the 1930s. Privatization was used as a political tool to enhance support for the government and for the Nazi Party. In addition, growing financial restrictions because of the cost of the rearmament programme provided additional motivations for privatization. rivatization of large parts of the public sector was one of the defining policies Pof the last quarter of the twentieth century. Most scholars have understood privatization as the transfer of government-owned firms and assets to the private sector,2 as well as the delegation to the private sector of the delivery of services previously delivered by the public sector.3 Other scholars have adopted a much broader meaning of privatization, including (besides transfer of public assets and delegation of public services) deregulation, as well as the private funding of services previously delivered without charging the users.4 In any case, modern privatization has been usually accompanied by the removal of state direction and a reliance on the free market. Thus, privatization and market liberalization have usually gone together. Privatizations in Chile and the UK, which began to be implemented in the 1970s and 1980s, are usually considered the first privatization policies in modern history.5 A few researchers have found earlier instances. -
Thyssenkrupp Annual Report 2014
2013_2014 ANNUAL REPORT THYSSENKRUPP AG Developing the future. C2 ThyssenKrupp in figures ThyssenKrupp in figures The Group in figures 1) Group total Continuing operations Change Change 2012/2013 2013/2014 Change in % 2012/2013 2013/2014 Change in % Order intake million € 39,774 41,416 1,642 4 38,636 41,416 2,780 7 Net sales total million € 39,782 41,304 1,522 4 38,559 41,304 2,745 7 EBITDA million € 1,212 2,274 1,062 88 1,154 2,088 934 81 EBIT million € (552) 1,151 1,703 ++ (608) 965 1,573 ++ EBIT margin % (1.4) 2.8 4.2 — (1.6) 2.3 3.9 — Adjusted EBIT million € 517 1,333 816 158 586 1,333 747 127 Adjusted EBIT margin % 1.3 3.2 1.9 — 1.5 3.2 1.7 — EBT million € (1,648) 428 2,076 ++ (1,706) 242 1,948 ++ Net income/(loss) / Income/(loss) (net of tax) million € (1,576) 195 1,771 ++ (1,629) 9 1,638 ++ attributable to ThyssenKrupp AG's shareholders million € (1,436) 210 1,646 ++ (1,490) 24 1,514 ++ Basic earnings per share € (2.79) 0.38 3.17 ++ (2.90) 0.04 2.94 ++ Operating cash flow million € 786 887 101 13 981 887 (94) (10) Cash flow for investments million € (1,411) (1,141) 270 19 (1,313) (1,141) 172 13 Free cash flow before divestments million € (625) (254) 371 59 (332) (254) 78 23 Cash flow from divestments million € 1,221 1,053 (168) (14) 1,221 1,053 (168) (14) Free cash flow million € 596 799 203 34 889 799 (90) (10) Employees (September 30) 156,856 160,745 3,889 2 156,856 160,745 3,889 2 Germany 58,164 59,783 1,619 3 58,164 59,783 1,619 3 Abroad 98,692 100,962 2,270 2 98,692 100,962 2,270 2 Dividend per share € — 0.11 2) — — Dividend payout million € — 62 2) — — ROCE % (3.8) 9.0 12.8 — ThyssenKrupp Value Added million € (1,865) 5 1,870 ++ Net financial debt (September 30) million € 5,038 3,488 (1,550) (31) Total equity (September 30) million € 2,512 3,199 687 27 Gearing % 200.6 109.0 (91.6) — 1) The prior-year figures have been adjusted due to the adoption of IAS 19R and the catch-up of depreciation for Berco (cf. -
Laundering Nazi Loot in the U.S. Thyssen Plus Krupp Equals
Dutch Connection: Laundering Nazi Loot in the U.S. By John Loftus to the missing billions in assets of the nounce Hitler’s treatment of Jews. It Third Reich. was his son, William Gowen, who or the Bush family, it is a lin- The inquisitors failed utterly. served in Rome after WWII as a Nazi gering nightmare. For their Why? Because what the wily Thyssen hunter and investigator with the U.S. FNazi clients, the Dutch connec- deposed was, in a sense, true. What the Army Counter Intelligence Corps. It tion was the mother of all money laun- Allied investigators never understood was Agent Gowen who first discovered dering schemes. From 1945 until 1949, was that they were not asking Thyssen the secret Vatican Ratline for smug- one of the lengthiest and, it now ap- the right question. gling Nazis in 1949. It was also pears, most futile interrogations of a Thyssen did not need any for- William Gowen who began to uncover Nazi war crimes suspect began in the eign bank accounts because his family the secret Dutch pipeline for smug- American Zone of Occupied Germany. secretly owned an entire chain of gling Nazi money in 1999. A half-cen- Multibillionaire steel magnate Fritz banks. He did not have to transfer his tury earlier, Fritz Thyssen was telling Thyssen – the man whose steel com- Nazi assets at the end of WWII, all he the allied investigators that he had no bine was the cold heart of the Nazi war had to do was transfer the ownership interest in foreign companies, that Hit- machine – talked and talked and talked documents – stocks, bonds, deeds and ler had turned on him and seized most to a joint US-UK interrogation team. -
Prior Notification of a Concentration (Case COMP/M.3596 — THYSSENKRUPP/HDW) Candidate Case for Simplified Procedure
C 266/8EN Official Journal of the European Union 29.10.2004 Prior notification of a concentration (Case COMP/M.3596 — THYSSENKRUPP/HDW) Candidate case for simplified procedure (2004/C 266/05) (Text with EEA relevance) 1. On 19 October 2004, the Commission received a notification of a proposed concentration pursuant to Article 4 of Council Regulation (EC) No 139/2004 (1) by which the undertaking ThyssenKrupp AG (‘ThyssenKrupp’, Germany) acquires within the meaning of Article 3(1)(b) of the Council Regulation control of the whole of the undertaking Howaldtswerke-Deutsche Werft AG (‘HDW’), controlled by One Equity Partners LLC (‘OEP’, USA), itself belonging to the J.P. Morgan Chase Corporation, by way of purchase of shares. By invoking Article 296(1)b of the EC Treaty, the German ministry for economic affairs has ordered ThyssenKrupp not to notify the military part of this transaction to the European Commission. 2. The business activities of the undertakings concerned are: — for ThyssenKrupp: active in numerous industries including steel, mechanical engineering, plant construction, elevators, plastic products and car parts. Its Blohm& Voss and Nordseewerke Emden ship- yards are active in design, supply and repair of civil and military vessels, — for HDW: civil shipbuilding (passenger- and container ships, yachts), military shipbuilding (submarines and naval surface vessels) and ship repair services through shipyards in Germany, Sweden (Kockums ) and Greece (Hellenic Shipyard), — for OEP: financial investments in various industries. 3. On preliminary examination, the Commission finds that the notified transaction could fall within the scope of Regulation (EC) No 139/2004. However, the final decision on this point is reserved. -
PUB DATE 90 NOTE 233P. PUB TYPE Guides-Classroom Use-Guides
DOCUMENT RESUME ED 325 426 SO 030 186 TITLE Germany and Georgia: Partners for the Future. Instructional Materials foL Georgia Schools, Volumes I and II. INSTITUTION Georgia State Dept. of Education, Atlanta.; German Federal Foreign Office, Bonn (West Germany). PUB DATE 90 NOTE 233p. PUB TYPE Guides - Classroom Use - Guides (For Teachers) (052) EDRS PRICE MF01/PC30 rlus Postage. DESCRIPTORS Ele.lentary Secondary Education; Foreign Countries; *Foreign Culture; Instructional Materials; Learning Activities; Social Studies; *State Programs; Teaching Methods IDENTIFIERS *Georgia; *Germany ABSTRACT A collection of lessons is presented for teaching abouL the Federal Republic of Germany that were developed as a result of a study/travel seminar attended by 18 Georgia educators during the summer of 1989. Lessons are designed so that they may either be used individually, J.ntegrated into the curriculum at appropriate places, or be used as a complete unit. Teachers are advised to adjust the materials to accommodate the needs and interests of performance levels of students. Each lesson begins with an outline for teaching that includes instructional objective, and a sequenced list of procedures for using the activities provided with the lesson. Teachers are provided with most of the materials ne.eded for implementation. Volume 1 contains lessons on these topics: introduction to Germany, geography and environment, history and culture, and people. Volume II conta. Ns lesson on these topics concerning contemporary Germany: goveLnment, economics, society, -
Open Windows 10
Leticia de Cos Martín Martín Cos de Leticia Beckmann Beckmann Frau than Quappi, much more more much Quappi, pages 47 — 64 47 — 64 pages Clara Marcellán Marcellán Clara in California in California Kandinsky and Klee Klee and Kandinsky of Feininger, Jawlensky, Jawlensky, of Feininger, and the promotion promotion the and Galka Scheyer Galka Scheyer ‘The Blue Four’: Four’: Blue ‘The pages 34 — 46 34 — 46 pages Manzanares Manzanares Juan Ángel Lpez- Ángel Juan ~' of modern art as a collector as a collector Bornemisza’s beginnings beginnings Bornemisza’s - ~~.·;•\ Thyssen Baron On ~ .. ;,~I il~ ' r• , ~.~ ··v,,,:~ ' . -1'\~J"JJj'-': . ·'-. ·•\.·~-~ . 13 — 33 pages Nadine Engel Engel Nadine Expressionist Collection Collection Expressionist Thyssen-Bornemisza’s German German Thyssen-Bornemisza’s Beginning of Hans Heinrich Heinrich Hans of Beginning 1, 1 ~- .,.... Museum Folkwang and the the and Folkwang Museum ,..~I,.. '' i·, '' ·' ' ' .·1,.~.... Resonance Chamber. Chamber. Resonance . ~I•.,Ji'•~-., ~. pages 2 — 12 2 — 12 pages ~ -~~- . ., ,.d' .. Ali. .~ .. December 2020 2020 December 10 10 Open Windows Windows Open Open Windows 10 Resonance Chamber. Museum Folkwang and the Beginning of Hans Heinrich Thyssen-Bornemisza’s German Expressionist Collection Nadine Engel Emil Nolde Young Couple, c. 1931–35 22 HollandischerDirektor bracht ✓ Thyssen-Schatzenach Essen Elnen kaum zu bezifiernden Wert bat elne Ausslellung des Folkwang-Museums, die btszum 20. Marz gezelgt wird: sie ent hiilt hundertzehn Melsterwerke der europaisdlen Malerei des 14. bis 18. Jahrhunderts aus der beriihmten Sammlung Sdtlo8 Roboncz, die heute Im Besitz des nodt Jungen Barons H. H. Thys sen-Bornemisza ist und in der Villa Favorlta bei Lugano ihr r Domlzil hat. Insgesamt mnfafll sie 350 Arbeiten. -
View Annual Report
For customers, progress. For people, a future. Annual Report 2002_2003 TK C/1 Working for the future ThyssenKrupp aims to achieve continuous improvements in all areas. That’s a message we also want to put across in our annual reports. Whereas last year the focus was on sustainability and active dialogue, this year we want to take a closer look at innova- tions. Innovations at ThyssenKrupp are also the result of dialogue – with customers and employees. Addressing specific subjects from many different angles enables us to develop commercially successful innovations of the highest quality. For our customers, for our stockholders, for our employees. For people. www.thyssenkrupp.com Cover picture: ThyssenKrupp moving walks in the Seceda ski tunnel, St. Ulrich/Italy C/2 ThyssenKrupp in brief ThyssenKrupp is a global concern with business activities focused on the areas of Steel, Capital Goods and Services. We have over 190,000 employees in more than 70 countries developing products and services to meet the challenges of the future. In all five segments – Steel, Automotive, Elevator, Technologies and Services – they provide high- quality solutions to people’s needs and our customers’ requirements. Steel Capital Goods Services Steel Automotive Elevator Technologies Services The Group in figures 2001/2002 2002/2003 Change Order intake million € 36,404 36,047 – 357 Sales million € 36,698 36,137 – 561 EBITDA million € 2,648 2,454 – 194 EBIT million € 1,046 905 – 141 EBT (Income before taxes and minority interest) million € 762 714 – 48 Normalized -
Growing Together Annual Report
8$& THYSSENKRUPPJ>OII;DAHKFF9ECF79J COMPACT ? I Annual Report On November 21, 2005, the Alfried Krupp von Bohlen und Halbach Foundation purchased 15,339,893 treasury shares of ThyssenKrupp ag – equating to 2.98% of the capital stock – from the Company at the market price of €17.44. As a 2004 2005 result of this transaction and the issue of employee shares in and , 2004_2005 ThyssenKrupp ag has sold all the treasury stock purchased from ific Holding ag in May 2003. addition to disposition of unappropriated profit dispositionofunappropriated addition to THEJ> ;GROUP=HEKF?D<?=KH IN FIGURES;I Due to this event, the following data have changed compared with(&& )%(the&& situation* (&&*%(&&+ at the 9^Wd][ 2003/2004 2004/2005 Change balance sheet date and the time the financial statements were drawn up: 9edj_dk_d]ef[hWj_edie\j^[=hekf Continuing operations of the Group EhZ[h_djWa[ c_bb_edÐ ).".() *("+&. )",.+ Order intakeThe Alfried Krupp von Bohlen und Halbach Foundation million as € the largest38,823 stockholder42,508 now 3,685 IWb[i c_bb_edÐ )-")&) *("&,* *"-,' Salesholds 23.58% of the voting rights in ThyssenKrupp millionag (previously € 37,303 20.6%). 42,064 4,761 ;8?J:7 c_bb_edÐ )"&), )"*+( *', EBITDA million € 3,036 3,452 416 ;8?J ;VXihVcY[^\jgZh# c_bb_edÐ '",.) ("&&' )'. EBIT The free float is reduced from 79.4% to 76.4% million € 1,683 2,001 318 <gdl^c\id\Zi]Zg ;8J_dYec[\hecYedj_dk_d]eÆi]nhhZc`gjeeXdbeVXiÇf[hWj_ediX[\eh[jWn[i XdciV^chVaai]ZcjbWZgh[dg EBT (income from continuing operations before taxes WdZc_deh_jo_dj[h[ij i]Z'%%)T'%%*[^hXVanZVg#>[^iÈhcdi]ZgZ!ndjXVcYdlcadVYc_bb_edÐ -
Financial Statements and Management Report Thyssenkrupp Ag
2001 2002 Financial Statements and Management Report ThyssenKrupp ag Financial Statements and Management Report TK Jahresabschluss und Lagebericht 2001/2002 ThyssenKrupp AG Inhalt 01 Contents Financial Statements as of September 30, 2002 and Management Report on the Fiscal Year 2001/2002 ThyssenKrupp ag 02 Management Report 02 1. Course of business in 2001/2002 18 2. Income, dividend 23 3. Economic value added management 27 4. Central financing of the ThyssenKrupp Group 29 5. Risk management 33 6. Subsequent events 33 7. Start of the new fiscal year and outlook 38 Balance sheet / Income statement 38 Balance sheet 39 Income statement 40 Notes 42 Fixed assets schedule 44 Notes to the balance sheet 49 Notes to the income statements 53 Audit opinion 54 Executive board / Supervisory board 54 Executive board 56 Supervisory board 58 List of equity interests 72 Contact / Dates 02 Management Report 1. Course of business in 2001/2002 The general economic conditions provided little stimulus for business in fiscal year 2001/2002: The hoped-for recovery failed to materialize and economic growth turned out much lower than expected. Above all, the market weakness in the first half of the year impeded ThyssenKrupp’s progress. Order intake decreased 4% to €36.4 billion, sales by 3% to €36.7 billion. Income before taxes and minority interest reached €762 million following €1,117 million a year earlier. ThyssenKrupp is the parent company of the ThyssenKrupp Group. Responsibility for operating business rests with the segments and the Group subsidiaries. The consolidated financial statements of ThyssenKrupp ag are drawn up in accordance with Generally Accepted Accounting Principles (us gaap) and are supplemented by a Group Management Report pursuant to Art. -
Future Value
1 future value ThyssenKrupp 2 Annual Stockholders’ Meeting Fiscal year 2001/2002 1st quarter 2002/2003 Strategic development Outlook ThyssenKrupp 3 Fiscal year 2001/2002 Virtually no impetus from the economy USA: Economic recovery lost pace Japan: Economy in decline Euro zone: Economy subdued Latin America: Economy in decline Asia/Central and Eastern Europe: Economic upswing ThyssenKrupp held up well in this difficult economic situation ThyssenKrupp 4 Highlights of fiscal year 2001/2002 2000/2001 2001/2002 Order intake million € 37,869 36,404 Sales million € 38,008 36,698 EBITDA million € 3,267 2,648 EBT after goodwill amortization million € 876 -- before goodwill amortization million € 1,117 762 Normalized EBT after goodwill amortization million € 533 -- before goodwill amortization million € 774 419 Consolidated net income million € 665 216 ThyssenKrupp 5 Highlights of fiscal year 2001/2002 2000/2001 2001/2002 Basic earnings per share after goodwill amortization € 1.29 -- before goodwill amortization € 1.76 0.42 Normalized earnings per share after goodwill amortization € 0.58 -- before goodwill amortization € 1.05 0.48 Net cash provided by operating activities million € 2,245 2,454 Net financial payables million € 6,407 4,742 Employees (Sept. 30) 193,516 191,254 ThyssenKrupp 6 Capital market expectations met Capital market Actual expectation 2001/2002 Normalized consolidated EBT €412 million €419 million All segments recorded positive earnings Restructuring expense > €100 million €149 million Impairment €200 - 500 million €338 million Net financial payables < €6.0 billion €4.7 billion EPS as per income statement €0.42 Normalized EPS €0.44 €0.48 ThyssenKrupp 7 Research and development (R&D) 2001/2002 Technological capabilities strengthened further R&D expenditure: €641 million R&D employees: approx.