Ring of steel
ThyssenKrupp puts itself into a straitjacket
WHAT a pity that Gerhard Cromme, chairman of ThyssenKrupp and one of the leading lights of corporate Germany, practises so little of what he preaches. Last week he presided over a power shift that irreversibly gave control of his company to one minority shareholder. Small family firms get up to things like this all the time, but ThyssenKrupp is a top-30 listed firm with around 67% of its shares in free float.
This article appeared in the Business section of the print edition under the headline “Ring of steel”
From the January 27th 2007 edition
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