Eugene David ...The One-Minute Pundit |
|
Thursday, July 28, 2005
Juergen Shemp...Shrimp...Schrrrrempp is leaving DaimlerCorp!
The news boosted DaimlerChrysler's stock -- the laggard so far this year among European peers -- more than 10 percent. They [SIC] traded at 39.40 euros at 0930 GMT, up 8.5 percent. Schrempp's leaving added some 3.7 billion euros to the firm's market value. How typical -- a company's worth more without its CEO than with it. Why do companies need CEOs?
|