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Reply #5: The office in Geneva was a money route for the offices in New York [View All]

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Home » Discuss » Archives » General Discussion (Through 2005)

Solly Mack

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Wed Jun-23-04 06:48 AM
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5. The office in Geneva was a money route for the offices in New York

http://www.villagevoice.com/issues/0213/black.php
Once the U.S. Entered the war in December 1941, Germany appointed a Nazi devoted to IBM, Hermann Fellinger, as enemy-property custodian. He maintained the original staff and managers of Watson Business Machines, keeping it productive for the Reich and profitable for IBM. The subsidiary now reported to IBM's Geneva office, and from there to New York. The company was not looted, its leased machines were not seized. "Royalties" were remitted to IBM through Geneva. Lease payments and profits were preserved in special accounts. After the war, IBM recovered all its Polish profits and machines.

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