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Topic: Jurgen Schrempp

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	Investors' Association - Chrysler - a Daimler hit and run? (Site not responding. Last check: 2007-11-02)
		Jurgen Schrempp, the chairman of Germany’s DaimlerChrysler, will this week face a courtroom showdown with Kirk Kerkorian, the billionaire casino operator who was formerly the biggest shareholder in Chrysler, in a bizarre case of alleged deceit.
		In court on Tuesday, Mr Schrempp attempted to explain the context for his remarks to the FT: "We were in an extremely difficult situation, we were hammered by the media for the performance of the company, particularly Chrysler and there was talk all around that the merger hadn't worked," he said.
		Jurgen Schrempp on Wednesday said Chrysler had been an operational "division" of DaimlerChrysler from the moment the 1998 merger had been completed, but insisted that a "merger of equals" at the corporate level was successfully achieved.
	www.investorsassociation.org /forums/showthread.php?s=&threadid=5731 (1715 words)

	Key Account Research (Site not responding. Last check: 2007-11-02)
		But Schrempp's allies got most of the top jobs in the new company and are likely to further consolidate their power during the next year or two.
		Jurgen Hubbert, the earnest, dapper head of Mercedes' passenger-car operations, completed studies convincing him that Mercedes, which in 1993 sold 508,100 cars, would never be able to grow beyond sales of one million units annually.
		Schrempp made a phone call, and in January of 1998 he sat down with Eaton for what turned out to be a 17-minute conversation at Chrysler headquarters during the Detroit auto show.
	www.keyaccount.com /tx-sample-chrysler-merging.htm (2510 words)

	R&T ROADandTRACK.com -- Ampersand - Letter From Europe (11/2005) (Site not responding. Last check: 2007-11-02)
		Jürgen Schrempp — DaimlerChrysler boss for the last 10 years — had a contract to keep his position until 2008, but he recently resigned rather than be ousted at the next general assembly.
		Schrempp's policy was to expand; his aim was to make Mercedes-Benz the world's biggest car manufacturer.
		He was opposed to Schrempp's expand-at-all-cost policy and is also said to be the person who persuaded Schrempp to stop putting money into Mitsubishi.
	www.roadandtrack.com /article.asp?section_id=12&article_id=2815 (283 words)

	German
		SchRempp will be judged both on his ability to run this ungainly giant and on whether he can emerge as Europe's most forceful business leader.
		Schrempp and Eaton are trying to pull off their deal amid a global economic crisis that is expected to hit the world auto industry next year.
		Schrempp is playing his cards close to his Italian-cut vest, but industry experts who know him predict that by 2001 he will abandon the unwieldy new management board.
	members.tripod.com /shaw4545/germanmanufacturer.html (3825 words)

	story #11 organizational and business storytelling in the news daily update
		Schrempp said he had intended all along to relegate Chrysler to a division of the parent company and had used the term "merger of equals" only for "psychological" reasons.
		Schrempp said he saw the deal as a chance to survive in an industry that had shrunk from 50 to 60 automakers in the 1960's to 16 or 17 in 1998 and now to 10 or less, depending on how interlocking companies are counted.
		Schrempp said: "We were on the forefront of technology, which means we had the highest cost to finance that technology.
	www.stevedenning.com /SIN-11-Daimler-Schrempp.html (1572 words)

	In Washington, DaimlerChrysler Chief Jurgen E. Schrempp Calls for a United Front Against HIV/AIDS
		It was because of his role as GBC Chairman that Jurgen Schrempp received an invitation to visit the White House at the end of April, to meet with President George W. Bush, as one of a small group of leaders in the fight against AIDS.
		Schrempp declared that, with this outstanding measure, President Bush has assumed a leading role in the fight against AIDS and had earned everyone's respect for his courageous decision.
		Schrempp also expressed his gratitude to US Secretary of State Colin Powell and US Secretary of Health and Human Services Tommy Thompson for their commitment.
	www.prnewswire.com /cgi-bin/stories.pl?ACCT=104&STORY=/www/story/06-11-2003/0001963978&EDATE= (623 words)

	THE NINE LIVES OF JURGEN SCHREMPP - January 10, 2005
		Schrempp says he can get Smart to break even on an operating basis by 2007, two years behind schedule: "What was mentioned in the media--that we would decide to stop the project--I cannot see because there's lots invested.
		Schrempp had publicly characterized the Chrysler deal as a "merger of equals." But he imprudently told a Financial Times reporter in 2000 that he had always intended to make Chrysler a division of the new company.
		Schrempp's critics saw the firing as his retribution for Bernhard's vote against the Mitsubishi bailout, but Daimler executives say there was no connection.
	money.cnn.com /magazines/fortune/fortune_archive/2005/01/10/8230969 (2792 words)

	Chairman: Prof. Dr. h.c. Jurgen E. Schrempp
		Schrempp's extensive international experience is the result of long-term assignments in Europe, South Africa and the United States and, over a more than forty-year career, managing a complex and global array of financial, organizational and cultural challenges.
		Schrempp is the recipient of the Vernon A. Walters Award, the Armonk Institute Award for the Promotion of German and American Jewish Relations, the Global Leadership Award from the American Institute for Contemporary German Studies and the Woodrow Wilson Award for Corporate Citizenship from the renowned Woodrow Wilson Center.
		Schrempp is Honorary Consul General of the Republic of South Africa, a member of the Investment Council of President Thabo Mbeki, Chairman of the Southern Africa Initiative of German Business “SAFRI”, and Chairman emeritus of the Global Business Coalition on HIV/AIDS.
	en.chinabroadcast.cn /855/2005/08/29/262@15255.htm (916 words)

	Chairman Schrempp leaves DC post - 4Car News from Channel 4 (Site not responding. Last check: 2007-11-02)
		Jurgen Schrempp, chairman of DaimlerChrysler, is stepping down early to make way for Dieter Zetsche, reports Just-auto.com.
		Schrempp has a contract that runs until 2008, but he'll leave at the end of this year after 44 years of service.
		"The supervisory board and Professor Schrempp are in full agreement that the end of the year 2005 is the optimal time for a change in the leadership of the company," said Hilmar Kopper, chairman of the board.
	www.channel4.com /4car/news/news-story.jsp?news_id=12704 (188 words)

	DaimlerChrysler Head Latest to Leave NYSE Board
		According to wire reports, Jurgen Schrempp has decided to leave the board.
		Schrempp follows Carl McCall, former New York state controller, who resigned from the board Thursday.
		Schrempp was not on the compensation committee that approved the $187 million payout to Grasso.
	www.thestreet.com /_tscs/markets/marketfeatures/10116087.html (164 words)

	Racing for Business: Mercedes-Benz in the 1990s
		Jurgen Schrempp was no stranger to the automotive side of the business, having run subsidiaries in South Africa and the United States and also having led the Mercedes-Benz truck operations.
		Schrempp found ways of making us aware that he was interested in motor racing," Ilmor's Paul Morgan recalled.
		In December 1997, Schrempp brought most of the Daimler management board members to Ilmor to have a look at their remarkable daughter company.
	www.atlasf1.com /2001/jan03/ludvigsen.html (1452 words)

	Is This The End For Jurgen Schrempp? - Forbes.com (Site not responding. Last check: 2007-11-02)
		Schrempp's ambitious plans have stumbled badly, and the distractions have apparently hurt Mercedes-Benz, the heart of Daimler, where the reputation of Mercedes' vehicles has dropped sharply.
		In addition to the Mitsubishi setback and the financial struggles at the U.S. Chrysler unit, the company is involved in a nasty lawsuit in the U.S. over Schrempp's infamous "merger of equals" of Chrysler and Mercedes.
		I am not ready to say that Schrempp is being driven out of the company; he still gets nothing but votes of confidence and contract extensions from his board.
	www.forbes.com /columnists/2004/04/23/cz_jf_0423flint.html (978 words)

	wcco.com - DaimlerChrysler Chairman To Step Down
		The company that emerged from Schrempp's 1998 attempt to create a global auto giant has struggled, first with heavy losses at the Chrysler division and now with weak earnings at its former cash cow, Mercedes.
		Investors' frustration with Schrempp was indicated by the nearly 10 percent rise in the company's shares to 39.81 euros ($47.73) in Frankfurt trading after the announcement.
		Schrempp has been with DaimlerChrysler for 44 years, and held a variety of management positions, including the leadership of Daimler-Benz operations in South Africa, the United States and in Germany, as well as 17 years as chairman of Daimler-Benz Aerospace and DaimlerChrysler.
	wcco.com /business/finance_story_209073215.html (661 words)

	Has DaimlerChrysler Hit the Breakdown Lane or Just Stopped to Fill Up? - Knowledge@Wharton (Site not responding. Last check: 2007-11-02)
		They say Schrempp -- who added to the company’s woes when he recently acknowledged that the consolidation was a takeover of Chrysler by Daimler and not a merger of equals, as Daimler portrayed it at the time -- could be out of a job if things do not substantially improve in 2001.
		Useem says the pressure on Schrempp is similar to that experienced by Richard A. McGinn, who was fired as CEO of Lucent Technologies in October in the wake of mounting financial troubles and a tumbling stock price.
		Schrempp’s recent comments to the press that Daimler always viewed the consolidation as an acquisition and not as a merger of equals did a lot to add egg to the corporation’s face.
	knowledge.wharton.upenn.edu /index.cfm?fa=viewfeature&id=290 (1982 words)

	01/11/99 Jurgen E. Schrempp: Deal of the Decade
		JURGEN E. SCHREMPP thrives on risk, whether it's trekking alone through his South African game reserve, tackling a sheer rock face in the Italian Alps, or facing off with chess champion Gary Kasparov (who dispatched him in 2 1/2 minutes).
		In one bold move, Schrempp has redefined competition in the global auto industry and kicked off a wave of consolidation.
		Fluent in English and experienced abroad, Schrempp, 54, is one of a new breed of CEOs who will manage truly global enterprises in the next century.
	www.businessweek.com /1999/02/b3611006.htm (311 words)

	Indiacar News-DaimlerChrysler Wants to Extend CEO Schrempp's Contract
		Although investors often have criticized Chief Executive Jurgen Schrempp for the company's weakened state, some members of its supervisory board have quietly begun floating the idea of extending Mr.
		Schrempp's current contract, which is set to expire in April 2005.
		Schrempp declined Tuesday to say if he wants or would accept a contract extension.
	www.indiacar.com /xnewdet.asp?id=n5900 (494 words)

	Letter from Europe: Is Jurgen Schrempp for the chop?
		They have 437 thousand employed worldwide, they are the pride and joy of Germany-at least they were until recently-and now their head honcho Jurgen Schrempp might be on his way out.
		Schrempp sacked the last of the American bosses and appointed a former heavy truck guy by the name of Dieter Zetsche in his place.
		In the meantime, Schrempp compared Chrysler to the Titanic…the feeling is that he may just go down with the ship.
	www.theautochannel.com /news/writers/afrankl/2000/decletter.html (822 words)

	Autoremarketing
		The letter, signed by executives Jurgen Schrempp and Manfred Gentz, also stated that the automaker would restructure Chrysler and "vigorously defend" itself against recent lawsuits from shareholders.
		In recent weeks, some shareholders filed lawsuits against DaimlerChrysler after Schrempp admitted in interviews that he always planned to make Chrysler a division of Daimler-Benz, not an equal partner as he pledged during the 1998 merger.
		Schrempp also hired Wolfgang Bernhardt as chief operating officer.
	www.autoremarketing.com /ar/news/story.html?id=256 (337 words)

	View from the Bridge
		Jurgen Schrempp, the Daimler Chairman, known for his supreme self-confidence, thought he knew what he was buying in Chrysler but must have missed many of the initial signs of Chrysler's problems in the due diligence process.
		Jurgen Schrempp has apologized publicly for lying to Chrysler employees when he announced this would be a "merger of equals", when his real intent all along was to conquer and run the combined company from Germany.
		Schrempp claimed that had he told the truth there would have been no deal.
	www.bridgecons.com /ViewfromtheBridgeJanuary2001.htm (1035 words)

	CAP Online Feature: DaimlerChrysler's woes: no surprises, with lawsuits, confused identity \| The Business of Design
		Schrempp and Chrysler chairman Bob Eaton would serve as co-chairmen, but Eaton would step down after the merger was seen through.
		Schrempp and Eaton are still listed as co-chairmen (as at December 13, 2000).
		The only thing that comes close is an old report written at the time of the merger where Schrempp espouses the premium-brand leadership (ignoring Dodge and Plymouth) and Eaton stating that individual brands ‘and their distinct identities’ would be maintained.
	www.jyanet.com /cap/2000/1214fe0.shtml (2017 words)

	Some DaimlerChrysler board members favour extending CEO contract
		The board has not formally discussed renewing Schrempp's contract, which expires in April 2005, but board chairman Hilmar Kopper told the daily that the opinions he was hearing were favourable to Schrempp.
		Schrempp declined to say if he would agree to stay, but added "I'm very energetic.
		Schrempp pioneered the 1998 merger of the German automaker with the Chrysler Group, which lost 930 million dollars in the first half of the year and is struggling to cut-cost its way back to profitability in the midst of a damaging US price war.
	quickstart.clari.net /qs_se/webnews/wed/bs/Qus-daimlerchrysler.RJiz_DO8.html (269 words)

	New DaimlerChrysler CEO targets internal issues (Site not responding. Last check: 2007-11-02)
		Schrempp, 61 years old, unexpectedly announced he would retire after 11 tumultuous years running the automaker.
		Schrempp never addressed -- and vowed to return to speak to the group as CEO.
		Schrempp was traveling and could not be reached for comment.
	www.post-gazette.com /pg/05332/613782.stm (956 words)

	Car Guy Jurgen Schrempp Celebrates His 60th Birthday
		Schrempp was named Chairman of the Board of Management of Daimler-Benz AG in 1995.
		Upon Eaton's retirement in 2000, Schrempp was confirmed as the Chairman of the Board of Management of DaimlerChrysler AG.
		Schrempp's commitment to good corporate citizenship and social responsibility programs can be illustrated by many activities.
	www.theautochannel.com /news/2004/09/14/224972.html (489 words)

	F1 News > Auf wiedersehen Herr Schrempp - Grandprix.com
		DaimlerChrysler's chief executive Jurgen Schrempp will leave his job at the end of the year.
		Schrempp has run the company since he became chairman of Daimler-Benz back in May 1995.
		Schrempp has been a big supporter of F1 over the years but his departure is not thought likely to change that commitment as the company has fared very well from the sport.
	www.grandprix.com /ns/ns15309.html (201 words)

	Chrysler Revisits Hard Times - CBS News
		Schrempp confessed last month that his "merger of equals" promise was a ruse to get Chrysler to approve the deal.
		An angry DaimlerChrysler shareholder group urged Schrempp to quit Friday in the growing fight over who is to blame for the slump at Chrysler.
		Schrempp is in solid control, Goebels said, adding that the fundamentals of teaming up with Chrysler were still sound.
	www.cbsnews.com /stories/2000/12/01/national/main254144.shtml (982 words)

	DaimlerChrysler AG :: DaimlerChrysler Supervisory Board Decides on Changes to Company's Top Management
		Jurgen E. Schrempp (60) to leave the company on December 31, 2005
		Jurgen E. Schrempp, Chairman of the Board of Management of DaimlerChrysler AG, will leave the company after 44 years of service at the end of 2005.
		These years were distinguished by his leadership of major group interests in South Africa, the United States, and Germany as well as 17 consecutive years in chairmanship positions at both Daimler-Benz Aerospace (DASA) from 1988 to 1995, and Daimler-Benz AG, which later became DaimlerChrysler AG, from 1995 to the present day.
	sev.prnewswire.com /auto/20050728/NYTH10028072005-1.html (507 words)

	DaimlerChrysler Changes CEO
		DaimlerChrysler (DCX:NYSE - news - research) named Dieter Zetsche to replace CEO Jurgen Schrempp at year-end, saying the turnaround at the struggling Mercedes unit has progressed to the point where the company can make a leadership change.
		Schrempp had headed the car maker for 10 years and oversaw the 1998 merger of Daimler-Benz and Chrysler.
		Schrempp is out at the end of 2005.
	www.thestreet.com /stocks/automakers/10235193.html (296 words)

	Kerkorian maintains he was duped (printable version)
		A key issue in the lawsuit is a 2000 interview DaimlerChrysler chairman Jurgen Schrempp gave to the London-based Financial Times.
		In the interview, Schrempp was quoted as saying he never meant for the merger to be one of equals, and that the deal was billed that way “for psychological reasons.”
		Holden said that while Schrempp may have made some “incendiary” comments, he believed the combination was a merger, not an acquisition.
	www.rgj.com /news/printstory.php?id=58273 (410 words)

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