His industrial assets were seized by the provisional government of France.
And selling off Westinghouse's industrial assets is not certain to generate enthusiasm among potential buyers, some analysts said.
It was a pity in a way, but he couldn't leave industrial assets behind for the Syndics to possibly use again for their own purposes.
He eventually sold his industrial assets and put the money into two educational institutions.
Since May 2002, the bank has sold industrial assets and noncore businesses worth more than 8 billion euros.
Russian banks have been expanding their portfolios of industrial assets taken over from companies that failed to repay loans this year.
In the 1970s just 22 families owned 66% of the country's industrial assets, 70% of insurance and 80% of banking.
Elsewhere, thousands of kilometres of tunnels were built to house political, military and industrial assets.
What is more, they will still own the industrial assets, or in other words the buildings, land and machinery.
Thus Hanson's role in redeploying industrial assets can be helpful.