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East Rutherford, NJ - Company with Nazi Ties Interested in Giants/Jets's Stadium Naming Rights |
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East Rutherford, NJ - The Giants and the Jets face moral and public-relations questions as they negotiate the possible sale of the naming rights to their new stadium. Some say a 30-year deal could go for $25 million.
One serious suitor appears to be German insurance and financial services company Allianz, a Munich-based insurer and financial services company with disturbing connections to Nazi Germany.
Allianz insured facilities and personnel at concentration camps like Auschwitz and Dachau. Kurt Schmitt, its chief executive in the 1930s, served as Hitler's second economics minister and can be seen in a photograph from a rally wearing an SS-Oberführer's uniform and delivering the Nazi salute with Hitler standing in front of him.
Like other insurers in Germany at the time, Allianz followed anti-Semitic policies by terminating or refusing to pay off the life insurance policies of Jews, and sent cash that was due beneficiaries and survivors to the Nazis. It also became the insurer of Jewish valuables taken by the Nazis.
A deal with Allianz would not be easy to sell publicly, like Citigroup's with the Mets. The possibility of an Allianz Stadium will make some people cringe, especially in a market that is home to many Jewish people, and in which the Tisch family, which owns half of the Giants, has supported many Jewish causes.
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Read Comments (10) — Post Yours »
1
Sep 10, 2008 at 08:47 PM w.s. Says:
its like having eichmans remains brought to the stadium for 20 mil a year shame on them at the end of the day nothing speaks louder than $$$$$
2
Sep 10, 2008 at 08:39 PM murray Says:
At first glance-very sickening and disturbing. What is the company like today. Has it totally reformed, have excellent relations with Jews, made reparations, supports Israel? Questions need to be addressed. Remember that today many a wealthy Yid has a Mercedes.
3
Sep 10, 2008 at 11:53 PM Anonymous Says:
Money does not talk it SCREAMS!
4
Sep 11, 2008 at 05:40 AM anonymous Says:
" Remember that today many a wealthy Yid has a Mercedes."
And many more still refuse to buy a German car. What are you rationalizing? That we can forgive and forget? What do you do on Tisha B'Av?
5
Sep 11, 2008 at 01:25 AM Vote McCain - Palin In 08! Says:
Why not move Jimmy Hoffa's bones from the old stadium to the new one and call it "Teamster Field" ?????
6
Sep 11, 2008 at 09:04 AM Anonymous sara Says:
I geuss will have to boycot the games
7
Sep 11, 2008 at 10:34 AM Bryna F. Says:
come on, their ties were like 65 years ago.
they have moved on, and so should we.
pick your fights, and this is not one of them....
8
Sep 11, 2008 at 11:10 AM Anonymous Says:
This a non-story. The Times has some sort of an agenda here. They have no-issues with Volkswagon and Mercedes they probably even have ads for them weekly if not daily.
9
Sep 11, 2008 at 10:58 PM Anonymous Says:
They did wrong they tried to repent, they have done the right thing so i hear after the war. If they did not repent and did not try to fix the past that would be a different stoty
10
Sep 12, 2008 at 10:59 AM Garth Says:
Why do Sephardim mostly drive Mercedes?