Some of functionality may not work while you disabled JavaScript. Enable JavaScript for better User Exprience.
Access here alternative investment news about Rpt-insight-turmoil At Thyssenkrupp Marks Battle For Germany's Economic Identity
LPNEWS

Rpt-insight-turmoil At Thyssenkrupp Marks Battle For Germany's Economic Identity

by reuters.com posted 4months ago 29 views
By Christoph Steitz, Tom Käckenhoff, Edward Taylor and Arno Schuetze. : FRANKFURT, May 17 (Reuters) - When Thyssenkrupp CEO Guido Kerkhoff announced plans to list its prized elevators unit last week, he set off a battle for the conglomerate’s future that could test Germany’s brand of “social market” capitalism. Kerkhoff had little choice but to think the unthinkable when the company’s share price sank to a 15-year low on May 8. The plan to take elevators public not only broke with long tradition but marked the abandonment of a turnaround plan he himself had unveiled less than eight months before.

In this article