Wanted: candidates for Europe’s worst CEO job
Air France-KLM’s boss Alexandre de Juniac has vacated an unenviable managerial position. Europe’s weakest legacy carrier is hobbled by high costs, mighty unions and a wayward state shareholder. His…
Air France-KLM’s boss Alexandre de Juniac has vacated an unenviable managerial position. Europe’s weakest legacy carrier is hobbled by high costs, mighty unions and a wayward state shareholder. His…
Right-wing populists won large gains in three German state elections. Support for Angela Merkel’s coalition is waning. Yet results also show credible and determined mainstream leaders can still woo…
U.S. activist fund ValueAct has a seat on the board of Rolls-Royce. If the engine maker’s No. 1 shareholder musters enough patience, it can underpin the turnaround engineered by CEO Warren East. But…
The French group has become one of Europe’s most profitable mass-market carmakers under boss Carlos Tavares, with a 5 pct operating margin in 2015. But a costly plan for a new premium brand risks…
After five months, the German automaker hasn’t shown U.S. watchdogs that its diesel vehicles can meet environmental standards. Purchasing the worst clunkers might limit legal exposure, appease…
Falling industrial production and weak exports suggest emerging markets may be chipping away at Germany’s economic miracle. Chancellor Angela Merkel has ridden out a refugee crisis. But if economic…
EU officials are urging the German carmaker to compensate Europeans like U.S drivers. VW’s two-tier scandal response, however, simply reflects the weaker emissions regime put in place by…
German consumers are among Europe’s most avid savers, but earn abysmally low returns on their investments. Poor portfolio choices, driven by excessive risk aversion, have dented real household wealth…
Angela Merkel’s open door for Syrian war refugees will push government spending up by 31 bln euros over two years. Healthy public finances mean Berlin can foot the bill. In the face of sluggish…
A strongly worded government complaint has undermined Volkswagen’s progress in tackling its emissions scandal. U.S. laws are tougher than in Europe, and the German carmaker’s lobbying clout there is…
The German carmaker’s chairman and CEO are both new to their roles. But in 2016, huge emissions-cheating fines and a scathing external report on VW’s governance will shine a spotlight on leaving…
The German landlord has complicated a 14 bln euros approach by rival Vonovia by buying apartments worth 1.2 bln euros and taking on debt. True, it shows that Wohnen can gear its balance sheet up…
Angela Merkel has ignored domestic calls to shut out refugees. But she will find it harder to brush off French calls for the same. Alienating a key ally would undermine the union Merkel wants to…
The German insurer is to pull $4.3 bln out of investment in coal companies, ditching its scepticism against blanket anti-carbon policies. This rethink suggests big asset managers are taking climate…
The merger of cooperative banks DZ and WGZ is a lesson for Germany’s state-owned lenders. The deal generates 100 mln euros of annual cost benefits. Ropey Landesbanken are bogged down by regional…
On the back of an 18 pct jump in pre-tax profit in 2015, the UK budget carrier is ordering more planes to step up growth and expand into new routes. The confidence is merited. High-cost legacy…
Cutting next year’s pre-tax profit estimates by a third will intensify calls for a break-up of the UK engine maker. But that would neither solve Rolls’ problems, which mostly stem from past strategic…
Family shareholders, unions and the Lower Saxon state all stand in the way of sweeping reforms the carmaker needs, such as an outside chairman. A share-price implosion might sway the family, but for…
The carmaker is taking a 2 bln euro charge after saying it may have cheated on fuel-economy stats, too. This escalation yet again flags VW’s rotten processes and culture. Appointing outsiders as…
Europe’s aerospace group is getting many things right, as a 12 pct third-quarter growth in operating profit shows. But demand for its ageing long-distance A380 model has peaked. The flagship jet is…