Krupp, among others, was a firm that came to symbolize the might of German Industry, right from the emergence of German Empire, right through the Nazi era, down to postwar Germany economic miracle. Specialized in steel, Krupp became better (in)famously known for its cannons, which blasted through europe in two world wars.
In this book, we followed the Krupp history of five generations of family ownership, beginning with the not-so-successful-commercially-but-ultimately-innovative start with Friedrich Krupp, his son, Alfred Krupp, succeeded in marrying innovation with profits, while cultivating a strong, company ethic of 'Kruppianer', a rather patriarchic view of dedication to work combined with patriotism and loyalty to Krupp, both to the company and to the Old Man Krupp himself as the "father" of the company. His successor was Friedrich Alfried Krupp, the arch-monarchist, who came to put Krupp so synonymous with German Empire's industrialization efforts. After his death, the ownership of the firm fell to his daughter Bertha, although the day-to-day operation was handled by his husband, Gustav von Bohlen und Halbach, and his son Alfried Krupp von Bohlen und Halbach. Under their leadership Krupp entered its most exciting period of history, in which its name became so vilified due to its roles in arming German military through two world wars, and then came the postwar period, in which Krupp sought to rebuilt its war-torn industry while rehabilitating its much-vilified reputation.
It was also after the Second World War that Krupp began its process of transforming from a family business into a foundation, then to a joint-stock company, under the leadership of Alfried's preferred successor due to his sons unreliability and/or incompetence, Berthold Beitz. The final part saddened me for the Kruppianer culture was unable to stand the test of time, came to be crushed under shareholding capitalism, in which the company's goals were to become beholden to shareowners, and to seek the most profit, in which various motives such as nationalism, patriotism, and workers' welfare were sidelined. While this book discussed the growth of Krupp as a firm and its transformations, I am more interested to see the social effects of Krupp's philosophy, both under family ownership and under the family foundation, a theme which I felt still not explored enough in this book.