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?

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