Word: electrolux
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Dates: during 1960-1969
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...cultural genocide," complained Yippie Leader Jerry Rubin, "an assault on the Yippie culture by the capitalist imperialist culture." Until last September, Rubin sported a magnificently wild mane that looked as if he had teased it with an Electrolux. But when he entered California's Santa Rita Rehabilitation Center to do 45 days on charges of being a public nuisance, the warders sheared his hair down to a respectably Middle American two inches...
...Wallenbergs' most important firms, an 80-year-old electrical-equipment giant called ASEA (pronounced ah-say-ah), which is Sweden's equivalent of General Electric. ASEA not only produces a long list of products that range from giant generators to locomotives, but controls 26 subsidiaries that include Electrolux (vacuum cleaners) and STAL-LAVAL (steam and gas turbines). Sweden's biggest private employer with 32,500 workers, the ASEA group last year had sales of $336 million and earnings of $11.5 million...
Like most major Latin American companies, SIAM (whose initials, in Spanish, stand for American Industrial Machinery Corp.) is not an innovator but an imitator. Under various license deals, it produces Westinghouse refrigerators and air conditioners, Hoover washing machines, British Motor Corp. Riley cars, Italian Lambretta scooters, Swedish Electrolux floor polishers and a multitude of other hard goods for Argentina, which boasts the broadest middle-class market in Latin America. Says Chairman Guy Clutterbuck, 55: "Conditions in Argentina make it difficult to carry out long and costly experimental programs. After all, Europe and the U.S. have much more technical know...
...quite stilled the doubts aroused by his suspected dealings with the Nazis in World War II; of cancer; in Stockholm. A consummate salesman, Wenner-Gren worked in obscure jobs in Sweden and the U.S. till he was nearly 40, then proceeded to put together an industrial empire based on Electrolux vacuum cleaners and Servel refrigerators, hobnobbed with dictators, Prime Ministers and Presidents throughout the Western world till the outbreak of World War II, when he fled by yacht to Mexico, where he spent many of his remaining years supervising massive industrial and real estate developments in Latin America, Canada...