forfeiture of his property was reversed under political pressure. Nevertheless, certain parts of his assets were considered for reparations and he had limits on business activities imposed on him. Krupp's second marriage on 19 May 1952 to Vera Hossenfeld (1909–1967), just after his release from Landsberg Prison, ended in a scandal and a settlement in 1957. Prior to Krupp's death from lung cancer, his assistant, Berthold Beitz, worked to transfer control of the company to a Stiftung (foundation), called the Alfried Krupp von Bohlen und Halbach Foundation, to be monitored by three members of a supervisory board, including Hermann Josef Abs, of the former Deutsch-Asiatische Bank A.G. and Deutsche Bank AG. In this agreement, Krupp's son and heir, Arndt, relinquished any claim over his father's businesses, and was to be paid a relatively modest cash amount, in yearly installments, until his own death. Ancestry List of institutions and objects named after Alfried Krupp Alfried Krupp College, Jacobs University, Bremen, Germany Alfried Krupp von Bohlen und Halbach Foundation , Essen Alfried Krupp Institute for Advanced Study, Greifswald, Germany Alfried Krupp PhD Grant Alfried Krupp Street, Essen, Germany References External links Krupp German Armaments Factory 1942 Nazi War Criminals Freed 1951 (including A Krupp) Krupp's Millions 1952 Krupp Trial and Nazi Clemency The United States of America vs. Alfried Krupp 1907 births 1967 deaths Nazi war crimes Unfree labor during World War II Businesspeople from Essen Economy of Nazi Germany German industrialists German steel industry businesspeople People from the Rhine Province Alfried Olympic bronze medalists for Germany Olympic sailors of Germany German male sailors (sport) Sailors at the 1936 Summer Olympics – 8 Metre Olympic medalists in sailing German people convicted of crimes against humanity People convicted by the United States Nuremberg Military Tribunals Deaths from lung cancer in Germany Technical University of Munich alumni German anti-communists Förderndes Mitglied der SS Medalists at the 1936 Summer Olympics National Socialist Flyers Corps members