The latest scandals shaking corporate Germany have again led to calls for more reform in Rhineland capitalism.
Back in the mid-1990s, a string of corporate crises including the fall of the Schneider empire and the near-collapse of the Metallgesellschaft metals group led to a first stab at reform. This time the issue involves the widespread practice of chief executives moving upstairs to become chairman of their company’s supervisory board when they retire.
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