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

Turmoil At Thyssenkrupp Marks Battle For Germany's Economic Identity

by in.reuters.com posted 1month ago 24 views
By Christoph Steitz, Tom Käckenhoff, Edward Taylor and Arno Schuetze. : FRANKFURT (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