About: Honecker Holdings, Ltd.

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About: Honecker Holdings, Ltd. Sponge Permalink

An Entity of Type : owl:Thing, within Data Space : 134.155.108.49:8890 associated with source dataset(s)

In 1890 Auric Honecker founded Lovian Communications Equipment Company (LCEC). Supported by cheap labor which, at the time, was readily available in Lovia, the company quickly became a leading supplier of telegraphic equipment for export to the United States. In 1926 the company acquired LRD-AM, one of Lovia's first radio stations, in a bankruptcy auction. Increasing the station's signal strength to 100,000 watts, it soon found commercial success on the American mainland - LRD's primary broadcast audience. The addition of radio stations LTRY-AM and LXRV-AM in the 1940's was accompanied by a divestment from the manufacturing sector.

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rdfs:label	Honecker Holdings, Ltd.
rdfs:comment	In 1890 Auric Honecker founded Lovian Communications Equipment Company (LCEC). Supported by cheap labor which, at the time, was readily available in Lovia, the company quickly became a leading supplier of telegraphic equipment for export to the United States. In 1926 the company acquired LRD-AM, one of Lovia's first radio stations, in a bankruptcy auction. Increasing the station's signal strength to 100,000 watts, it soon found commercial success on the American mainland - LRD's primary broadcast audience. The addition of radio stations LTRY-AM and LXRV-AM in the 1940's was accompanied by a divestment from the manufacturing sector.
dcterms:subject	Company
abstract	In 1890 Auric Honecker founded Lovian Communications Equipment Company (LCEC). Supported by cheap labor which, at the time, was readily available in Lovia, the company quickly became a leading supplier of telegraphic equipment for export to the United States. In 1926 the company acquired LRD-AM, one of Lovia's first radio stations, in a bankruptcy auction. Increasing the station's signal strength to 100,000 watts, it soon found commercial success on the American mainland - LRD's primary broadcast audience. The addition of radio stations LTRY-AM and LXRV-AM in the 1940's was accompanied by a divestment from the manufacturing sector. By 1951 the company's fortunes had stagnated due, in part, to the transience of the 91-year old Honecker who continued to serve as President and CEO. Honecker's death, later that year, created an opportunity for corporate revitalization under the management of sons Frederick and Rudolph who saw the company acquire a controlling share in Daedalus, a copper mining operation on Philsopher's Island. The addition of the Honecker brothers cousin Joseph Fiedler - an Austrian national - to the LCEC board brought a new business dimension and controversy when LCEC funds were used to back Fiedler's consulting firm, Direct Results, Ltd., which placed former Waffen SS officers into security consulting positions with the governments of several Latin American nations. The Bronze Axe scandal of 1959 forced LCEC to legitimize, under threat from the Lovian government, Direct Results operations, sidelining Fiedler. The following year LCEC was reorganized as Honecker Holdings, Ltd. The death of Frederick and Rudolph Honecker in a plane crash in 1982 - and Fiedler of natural causes in 1986 - brought the company under the control of the Honecker Family Trust, which owns it on behalf of the Honecker and Fiedler heirs. Since 1991 the president has been Dietrich Honecker, son of the late Rudolph Honecker. The CEO is Harper Veysey, a former executive with the Canadian mining company Green Mountain. Starting in February 2010, Calathriner Industries has begun a hostile takeover of Honecker Holdings, Ltd, with a percentage of 43% stock (increased).

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