Alfried Krupp von Bohlen und Halbach Foundation

The Alfried Krupp von Bohlen und Halbach Foundation (German: Alfried Krupp von Bohlen und Halbach-Stiftung) is a major German philanthropic foundation, created by and named in honour of Alfried Krupp von Bohlen und Halbach, a former owner and head of the Krupp company and a convicted criminal against humanity[1]. Once it was the largest company in Europe, and one of largest wartime users of slave labor in Nazi Germany, including the Krupp munitions factory (Weichsel Union Metallwerke) in the Auschwitz death camp.[2] In 1959, the company promised to pay individual compensations of DM5,000 ($1,190) to 2,000 slave workers (or 2% of all the estimated estimated 100,000 slave workers), or DM10,000,000 ($2,380,000) in total.[3]

On the death of Alfried Krupp von Bohlen und Halbach in 1967,[4] the entire holdings of the Krupp family were transferred to the foundation. Today, the foundation is the largest shareholder of the ThyssenKrupp industrial conglomerate (20.9% as of 2018) and largely controls the board of the company. The foundation is also tasked with preserving the “unity” of ThyssenKrupp and uses proceeds from ThyssenKrupp’s dividend payments to further good causes in science and education.[5] In the 2018 money, the aforementioned 1959 compensation payouts equate to $20,537,000, that is, €18,401,000. The sum is 0.02 percent of ThysenKrupp's 2018 assets, net income and equity, or over €72billion.[6]

Other institutions named after the Alfried Krupp
gollark: Some online friends did vaguely express interest in running our IRC network over ham radio instead of boring IP networks. That might be neat.
gollark: It's on my list of things to eternally never get round to doing.
gollark: > In mid-2019, part of IPv4 range was sold off for conventional use, due to IPv4 address exhaustion. I see.
gollark: /9 means that the first 9 bits of the address are the same for the things within the block of IPs.
gollark: 2^23 IPv4 addresses.

See also

References
  1. The Krupp Case. Nuerenberg Military Tribunal, Vol 9
  2. Index of /judentum-aktenlage
  3. Theodore Shabad. 1959. Krupp Will Pay Slave Laborers: Jews Forced to Work in His Plants in World War II to Get $1,190 Each (p 1). The New York Times. 24 Dec.
  4. "Historie - Alfried Krupp von Bohlen und Halbach-Stiftung". Retrieved 13 September 2017.
  5. Tom Kaeckenhoff, Arno Schuetze and Edward Taylor (July 17, 2018), Thyssenkrupp's foundation to steer conglomerate in leadership crisis Reuters.
  6. ThyssenKrupp Annual Report 2017-2018. 2018.
  7. "Krupp College | The original college!". Retrieved 2019-08-03.
  8. "Alfried Krupp von Bohlen und Halbach PhD Grant „Historical and Tradition-Based African Art" 2019 | H-Announce | H-Net". networks.h-net.org. Retrieved 2019-08-03.
  9. "Google Maps". Google Maps. Retrieved 2019-08-03.
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