Word: wenner
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...Germany, where the Krupp combine, according to the Brazilians, tried hard to get the monopoly. Hitler's commercial agents, they said, had offered to transfer the entire Skoda Works from Czecho-Slovakia to Brazil. When World War II began to devour more steel than Europe could produce, Axel Wenner-Gren, Swedish steel baron (Bofors), was also supposed to have turned up in Rio de Janeiro with an offer for exploitation by a Swedish-German consortium said to include Krupp. Hoping to interest U. S. capital, Brazil issued pointed warnings that unless the Yanquis became more ardent in their financial...
...Foreign Minister Rickard Sandler got an act passed to end foreign control, through dummy corporations, of Swedish industries. It was aimed at Krupp's one-third ownership of the Bofors works. (Just before the act went through, Krupp sold out to a Swedish group headed by Tycoon Axel Wenner-Gren.) Junkers had to give up a manufacturing affiliate in Sweden, but Germans remained on the directorates of other big Swedish firms, and the German investment in Sweden's metal-working industry alone was estimated...
Meanwhile it came out that while yachting off Nassau last month, Swedish Axel Wenner-Gren received a cable from Field Marshal Hermann Goring telling him to come home and mediate the Russo-Finnish peace. He sailed to Italy on board the same boat as U. S. Under Secretary of State Sumner Welles, proceeded to Berlin at about the same time. Having made mints from vacuum cleaners and refrigerators, Axel Wenner-Gren is influential in money markets, but his only experience in international crises was accidental-while cruising in his huge Southern Cross he came on the sinking Athenia and rescued...
Electrolux Tycoon Axel Wenner-Gren, whose yacht Southern Cross rescued 399 Athenians (TIME, Sept. 11), added to the picture in his story for a Swedish newspaper: "The rooms, hallways and decks were crowded with hundreds of half-naked people. Many had been lying in bed, seasick . . . had to rush out on deck undressed. Many of the survivors were drenched with oil from the Athenians oil tanks which were shattered by the explosion...
...west of the Hebrides, a mortal explosion suddenly rocked and ripped the Athenia's, hull, killed perhaps 100 passengers & crew, started her sinking fast. All hands got safely into lifeboats. One of the first ships to reach the rescue scene was the Southern Cross. Bitterly criticized Tycoon Wenner-Gren became an international hero as he picked up 200 survivors, started back with them toward Ireland. The Norwegian freighter Knute Nelson picked up 800 more. British warboats raced toward the spot where the Athenia was left to sink. World headlines screamed, GERMANS TORPEDO BRITISH LINER...