Members
Osram, Philips, Tungsram, Associated Electrical Industries, ELIN, Compagnie des Lampes, International General Electric, and the GE Overseas Group were members of the Phoebus cartel. They owned shares in the Swiss corporation proportional to their lamp sales.
In 1921 a precursor organisation was founded by Osram, the "Internationale Glühlampen Preisvereinigung". When Philips and other manufacturers were entering the American market, General Electric reacted by setting up the "International General Electric Company" in Paris. Both organisations were involved in trading patents and adjusting market penetration. Increasing international competition led to negotiations between all major companies to control and restrict their respective activities in order not to interfere in each other's spheres.
Read more about this topic: Phoebus Cartel
Famous quotes containing the word members:
“I understand that only the rich can be members of Dr. C---’s church. The Lord Christ, also, is therefore ineligible. I will remain outside with Him.”
—Amelia E. Barr (1831–1919)
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—Willard Van Orman Quine (b. 1908)
“What’s the greatest enemy of Christianity to-day? Frozen meat. In the past only members of the upper classes were thoroughly sceptical, despairing, negative. Why? Among other reasons, because they were the only people who could afford to eat too much meat. Now there’s cheap Canterbury lamb and Argentine chilled beef. Even the poor can afford to poison themselves into complete scepticism and despair.”
—Aldous Huxley (1894–1963)