Monday 21 September 2009

Half of Germany's Top Managers Given the Boot

SPIEGEL ONLINE INTERNATIONAL: It's tough at the top and a new study shows just how precarious it can be in the upper echelons of corporate Germany. Since 2006, one in two board members at companies listed on Germany's blue-chip DAX index have been fired. And once you are out, there is no going back.

It seems attaining the privileged position of member of the board at one at the top listed German companies may be but a fleeting pleasure. A new study has found that over half of all managers who served on company boards of the DAX list of Germany's 30 blue chip companies have lost their positions over the past three and half years. >>> smd -- with wire reports | Friday, Septemebr 18, 2009