Terminal

Top vs. flop: BER & Bahn – A proposal for disaster prevention

With a delay of nine years, the Berlin airport opens BER. In order to prevent a repetition of this, politicians must define new public governance standards – and in doing so, orient themselves to Lufthansa. We can hardly believe it, but on Saturday it should actually happen: The first planes are landing at Berlin-Brandenburg Airport – a mere 14 years after construction began and almost nine years later than planned. …

Read More
Verantwortungseigentum

Karl Marx, Michael Otto and the “ownership of responsibility

The initiative for a new legal form meets with resistance – because of an unfortunate choice of name and biting reflexes. At its core, it is about optimal conditions for good corporate governance. If Karl Marx had still experienced this: Capital is struggling to be allowed to expropriate itself. Because the “GmbH in Verantwortungseigentum”, which wants to establish an entrepreneurial and expert initiative as a new legal form, is supposed …

Read More
Mathias Döpfner

Top vs. flop: Mathias Döpfner, Alex Karp and the Springer ethos

After taking over a substantial block of shares, CEO Mathias Döpfner will have even more power at Axel Springer AG. Largely unnoticed, however, another doer has gained influence: At the beginning of the year Alex Karp moved from the Supervisory Board to the six-member Shareholders’ Committee, to which Friede Springer and Johannes Huth (KKR) also belong. The founder of the US software group Palantir, who made his debut on the …

Read More
Thomas Rabe

Thomas Rabe & Kasper Rorsted: Does the new Adidas tandem harmonize?

Following the appointment of Thomas Rabe as Chairman of the Supervisory Board, different philosophies collide in Herzogenaurach. This holds potential for conflict – and the chance to learn from each other. One of the most exciting personalities this summer was the election of Thomas Rabe (55) as Chairman of the Supervisory Board of Adidas: As planned, the Bertelsmann CEO replaced 76-year-old Igor Landau in August, who had previously served as …

Read More
Thiele

Top vs. flop: Heinz-Hermann Thiele – lateral thinker or lateral driver?

The exchange of blows between Lufthansa’s major shareholder Thiele, management, and the German government shows We need more entrepreneurial spirit in the corporations.   Heinz-Hermann Thiele is a wanderer between two worlds: On the one hand, the owner of Knorr-Bremse is a genuine medium-sized entrepreneur with a patriarchal habitus. On the other hand, the 79-year-old skilfully moves in the habitat of top managers, investment bankers and M&A lawyers, as he …

Read More
Börse

Top vs. flop: Saori Dubourg, Donald Trump and the stock market

In the corona crisis, the stock markets have moved far away from reality – especially in the USA. This underlines the fact that prices and indices are poor indicators for assessing economies and companies. Can we change this?   If the future is traded on the stock exchange, the Corona pandemic will soon be over. During the week, the major indices almost returned to pre-crisis levels – even in the …

Read More
Hasso Plattner

Top vs. Flop: Hasso Plattner & Jennifer Morgan

What is more important – rapid growth or customer satisfaction? The SAP Supervisory Board in the Walldorf “Clash of Cultures” gave a convincing answer. What some dismissed as a “settling of accounts” with former CEO Bill McDermott was much more: In an interview with Handelsblatt last week, SAP founder Hasso Plattner gave deep insights into the company’s culture – and at the same time revealed the real reason for Jennifer …

Read More
Diversity

Top vs. Flop: Ertharin Cousin & Sigmar Gabriel

The Association of Supervisory Boards in Germany (VARD) has some time ago an own diversity ranking of the Dax supervisory boards presented. The idea behind this was that diversity is much more than the quota of women: it is about different ways of thinking, perspectives and networks. Therefore, one of the criteria of the ranking was the diversity of demonstrable relationships: Which committees are dominated by supervisory boards that are …

Read More

Top vs. flop: Günther Fielmann and Kasper Rorsted

For Kasper Rorsted, another difficult week comes to an end. A few days ago, the Adidas boss had to announce poor figures for the first quarter – and get shareholders in the mood for even worse results in the current quarter. There is no doubt about it: Hardly any other manager has come under such public scrutiny during the Corona crisis. After Adidas announced that it was suspending rent payments …

Read More
Martin Viessmann

Martin Viessmann: Family entrepreneur gets top supervisory board members

The traditional Hessian heating manufacturer Viessmann has set up a holding company with a prominent “Board of Directors”. In addition to the long-standing company boss Martin Viessmann (69) and his daughter Katharina, three external experts are represented on the board: Madeleine Jahr from the investment banking and consultancy firm GCA Altium, Flick-Gocke-Schaumburg partner Thomas Rödder and Oetker boss Albert Christmann act as “non-executives”. “With the Family Holding, we have created …

Read More
Handelskonzern Metro

Jürgen Steinemann: Clear signal against collectivisation fantasies

“What had got into Jürgen Steinemann? What does he get out of it”, asked the Süddeutsche Zeitung provocatively – and harshly criticised the Metro supervisory board chairman: his behaviour contradicted “the spirit of co-determination”. Using the double voting right to push through the sale of the Real department store chain against the will of the employees raises fundamental corporate governance issues, the Süddeutsche Zeitung said. With all due respect: Jürgen …

Read More