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Crisis management | January 5

On January 5, 1938, Kuno Fleischer wrote to the shareholders of his family’s paper factory in the small Baden-Wurttemberg town of Eislingen about a recent business dispute and alluded darkly to a time when “grave decisions will have to be made swiftly.” He told his fellow owners—his brother and nephews—that he would soon travel to the United States to “orient himself” adding, “No one of us can predict how things will turn out, and no one can take offense at our holding on for as long as possible to what we have built together.”