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Business and the Holocaust - Books
Business and the Holocaust
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Media Reports
Sorted alphabetically by company names by order of most recent date.
 A     A2    A3    B     B2    B3    C     D     D2    E    F    G - H  I - J  K - M   N1    N2   O - R   S     S2    T     U    V - X  Y - Z
Philips - see Koninklijke Philips Electronics N.V.
Roche Group
Country: Switzerland
Exchange: SWX
SERB FORMER SLAVE LABOR ELIGIBLE FOR SWISS BANK SETTLEMENT
Vatican Bank Claims
May 11, 2001
Ukrainians, Serbs, Russians and others who were forced to work for Swiss owned firms such as Nestle, Ciba-Geigy, Sandoz, Novartis, Hoffmann-La Roche, Maggi, Wander, and many other companies in Germany, Switzerland, Poland, Austria. Italy, France, Belgium, Romania, Czechoslovakia, Denmark, Hungary, and Norway now may be compensated.
Company names appearing in this article are:
  • Nestlé S.A. (Nestle) (Switzerland)
  • Ciba and Geigy (Novartis)
  • Sandoz (Novartis)
  • Novartis AG (Ciba and Geigy merged in 1970, Sandoz and Ciba integrated to form Novartis in 1996) (Switzerland)
  • Hoffmann-La Roche (Hoffmann-La Roche Inc. (Roche), based in Nutley, N.J., is the U.S. prescription drug unit of the Roche Group) (Switzerland)
  • Maggi (a subsidiary company of Nestlé S.A. (Nestle) (Switzerland)
  • Wander AG (Switzerland)
BBC News | EUROPE | Swiss bank exploited Nazi slaves
One of the world's biggest banks, UBS, admits for the first time that it exploited Nazi slave labourers from Auschwitz during World War II. It is the first time the bank, which prevented Holocaust survivors and their families from retrieving their wartime assets, has admitted exploiting slave labour.
Monday, 7 August, 2000
Company names appearing in this article are:
  • UBS (Union Bank of Switzerland)
  • Credit Suisse Group (Switzerland)
  • Nestlé S.A. (Nestle) (Switzerland)
  • Roche Holding AG now known as Roche Group (Switzerland)
  • Novartis AG (Switzerland)
IOM - Holocaust Victim Assets Programme
International Organization for Migration - Holocaust Victim Assets Programme
Slave Labour Class II List
Claimants who plausibly demonstrate that they performed slave labour for one or more of the companies on the Slave Labour Class II List are eligible for compensation.
Each company appearing on the list meets the following criteria:
  • (a) it timely identified itself to the Special Master as required by the Court's Order of 26 July 2000;
  • (b) it was Swiss-owned in whole or in part during the Nazi era; and
  • (c) it has provided the Special Master with names of persons believed possibly to have been slave labourers, or it has represented that such names are unavailable despite diligent investigation.
A company's appearance on the Slave Labour Class II List does not necessarily mean that it used slave labourers.
Slave Labour Class II List organized by parent company:
  • ABB Ltd. (Brown Boveri & Cie, AG (BBC), Germany; Österreichische Brown Boveri Werke, Vienna, Austria)
  • Albers & Co.
  • Algroup/Alusuisse Group AG (ALIG) previous to that known as Swiss Aluminium Industrie AG (AIAG), now owned by Alcan, Inc. as of year 2000 (Canada)
  • Bucher Industries
  • Bühler AG
  • Ciba Specialty Chemicals Holding Inc. (Ciba-Geigy Limited; Ciba AG; J.R. Geigy AG) Now Novartis AG (Switzerland)
  • Clariant AG Now Novartis AG (Switzerland)
  • Danzas Holding AG
  • GABA Holding (DOMA AG)
  • Georg Fischer AG
  • Hesta AG/Hesta Tex AG
  • Holderbank Financiére Glaris Ltd.
  • Lonza Group Ltd.
  • Nestlé S.A. (Switzerland)
  • Novartis AG (Sandoz AG; Ciba AG; J.R. Geigy AG, Durand Huguenin AG; Wander AG) (Switzerland)
  • Robt. Schwarzenbach & Co. AG
  • Roche Holding AG now known as Roche Group (Switzerland)
  • Schindler Holding Ltd. (Schindler Management Ltd.)
  • Sefar Holding, Inc.
  • Sihl AG
  • Sika Finanz AG
  • Stehli Seiden
  • Stromeyer & Co.
  • Sulzer AG (Gebrüder Sulzer)
  • Unaxis Holding AG (Werkzeugmaschinenfabrik Oerlikon AG)
  • Villiger Söhne Holding AG
  • Von Roll Holding Ltd. (Gesellschaft der Ludw. Von Roll'schen Eisenwerker AG
Royal Dutch Shell plc
Sir Henri Deterding and Royal Dutch-Shell: Changing Control of World Oil, 1900-1940
by Paul Hendrix
Hardcover
Pub. Date: September 2002, Publisher: Bristol Academic Press, Bristol, United Kingdom
ISBN: 0951376284
[PDF] Sir Henri Deterding and Royal Dutch-Shell: Changing Control of World Oil, 1900-1940
by Paul Hendrix.
Reviewed by Hugh S. Gorman.
Harvard Business School
Business History Review
Winter 2003

*Adobe Acrobat Reader is required to view PDF files. A free download may be found at http://get.adobe.com/reader/
The Secret History of World War II
PART VII: CLOAKED BUSINESS
by Mark Fritz / Globe Staff / November 19, 2001
Company names appearing in this article are:
  • Allianz AG (Germany)
  • Assicurazioni Generali (Italy)
  • Daimler AG (Germany)
  • Deutsche Bank AG (Germany)
  • Ford Motor Company (USA)
  • IBM (International Business Machines) (USA)
  • Munich Re Group (Germany)
  • Royal Dutch Shell (Netherlands)
  • Siemens AG (Germany)
  • Swiss Reinsurance (Switzerland)
[PDF] Under Cover
The traditional image of the insurance agent made perfect cover. Who would ever suspect that boring drone of a bureaucrat was a spy?
by Mark Fritz
American Academy of Actuaries: Contingencies Magazine
May/June 2001
Company names appearing in this article are:
  • American International Group (USA)
  • Munich Re Group (Germany)
  • Royal Dutch Shell (Netherlands)
  • Swiss Reinsurance (Switzerland)
*Adobe Acrobat Reader is required to view PDF files. A free download may be found at http://get.adobe.com/reader/

The Secret (Insurance) Agent Men
by Mark Fritz
Los Angeles Times
September 22, 2000
American insurance companies had been competing furiously for overseas business even after the United States entered the war, and the OSS files suggest that details about U.S. factories and cities were falling into enemy hands because of the interlocking international relationships among insurance companies.
The documents also said that two New York insurance executives, Cecil Stewart and Stewart Hopps, also came under scrutiny for selling war insurance to strategic U.S. industries and reselling some of the risk to Latin American affiliates linked to Nazi insurers. The men also ran a steamship company that chartered tankers for Royal Dutch Shell, a Nazi collaborator that used [Adolf Hitler]'s slave laborers.
When the tide of the war began to turn and German insurers began losing money, the U.S. insurance agents learned that Nazi insurers were pleading for peace. A source in Stockholm revealed in late 1943 that insurers advised Hitler's people that "ruin threatens all life and fire insurance companies in Germany." WWII unit gathered underwriters’ data, such as bomb plant blueprints, from warring nations, declassified U.S. files show.

Company names appearing in this article are:
  • American International Group (USA)
  • Munich Re Group (Germany)
  • Royal Dutch Shell (Netherlands)
  • Swiss Reinsurance (Switzerland)
Slave Labor at Royal Dutch Shell Group
Cohen, Milstein, Hausfeld & Toll, P.L.L.C.

Approximately 1,385 forced laborers worked at oil refineries and petrochemical plants owned and operated by the Royal/Dutch Shell Group during the Second World War. These workers, largely civilians from Eastern Europe and the Low Countries of Western Europe, were compelled to work on the grounds of Shell's German and Austrian subsidiaries, Rhenania GmbH and Shell Austria AG, respectively. At these locations, the forced laborers toiled long hours under the watchful (and often brutal) guard of Hitler's S.S. men. Deported from their home countries by force, these workers were housed in filthy barracks, and were denied freedom of movement and proper nutrition. For their work, which was contracted from the S.S., the laborers received no pay from Shell or the German Government.

Shell's ties with the Third Reich, however, were not limited to the use of forced labor. It was also a founding partner in Deutsche Gasoline (25%), the national German petroleum company explicitly crafted to give the Reich greater control over domestic gasoline production - for both military and civilian purposes. Shell additionally held the dubious distinction not only of having collaborated with the Nazi Regime to bring Deutsche Gasoline into fruition, but also of sharing control over the company with I.G. Farben Industrie - the infamous producer of Zyklon B poison gas.

Despite its enormous wealth - as quantified by annual sales in excess of $93 billion - Shell has failed to compensate any of the men and women who worked on its grounds between 1943 and 1945.
Company names appearing in this article are:
  • Royal Dutch Shell (Netherlands)

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