Good morning dear readers,
Everything is okay, says Angela Merkel before today’s Corona summit with the federal states – but the Chancellor would like to have a few tougher conditions. It is about starting the Christmas holidays on December 16, shortly after the Third Advent – and not on December 19, as the prime minister had devised.
Apparently, the head of government cannot assert herself. And Merkel advocates alternating lessons in schools as well as stricter rules for retail, where no more than one customer should be in 25 square meters (previously ten square meters).
Apparently everyone agrees on the strategy of being able to give the Germans, who are confronted with new ideas almost every week, lax rules under the Christmas tree. Nudging lesson number one is: staying good must be worth it.
The “Ischgl syndrome” works, this fear of new ski hotspots in the Alps with vodka coward and whiskey darling. Italy’s Prime Minister Giuseppe Conte is driving up with a parallel swing and wants to keep the ski areas closed until January 10th: “It is not possible to allow a winter vacation, we cannot afford it.”
Bavaria’s Prime Minister Markus Söder is there to help. The ski lifts shouldn’t run all over Europe, he says, a Europe-wide understanding is necessary. This Snow Connection, in turn, alarms Austria’s dashing Chancellor Sebastian Kurz, who complains about a loss of 800 million euros in sales per week. His finance minister calculates total costs of two billion if the ski area is closed for a longer period of time: “If the EU really wants that, it has to pay for it.”
Bertelsmann is in a strong deal mood, just like in better times. The Gütersloher under CEO Thomas Rabe want to strengthen their flourishing book business, which is currently ennobled by the writing Obamas, with a spectacular purchase. The subsidiary Penguin Random House is said to offer two billion dollars for the US publisher Simon & Schuster – more than anyone else at the current auction.
Even media tycoon Rupert Murdoch shows respect for power play. He’d rather wait for a Bertelsmann deal to be examined by the cartel authorities, after all, the Germans are already world market leaders in this field. Murdoch’s manager Robert Thompson already speaks of a “behemoth of books”. What Bertelsmann feels about Simon & Schuster, says the title of the new Barack Obama autobiography: “A promised land.”
The German Stock Exchange can’t please anyone, describes our cover story. The reform you have now announced with the increase from 30 to 40 companies in the German share index (Dax) calls a number of critics on the scene. The death of the once acclaimed Dax family member has Wirecard as well as the entry of the chronically profitable pizza delivery service Delivery Hero even the layman pointed out the grossest shortcomings.
All listed companies now have to have an independent audit committee on the supervisory board and have been operating in the black two years before they can join the illustrious group of public companies.
Actually everything is understandable – but unfortunately there is a noticeable lack of a sufficient number of publicly traded companies. Sometimes tomorrow’s blue chips go like Biontech prefer to go to the USA, then once more phenomena of hope such as Rocket Internet or Axel Springer for reasons of juggling from the parquet.
All well and good with home office and lockdown e-commerce – but we should also talk about the gigantic garbage avalanche that hit us with all the DHL and Hermes cars. The electronic scrap at the building yards has doubled, the amount of waste glass rose by 20 percent due to the increased consumption of alcohol, and the amount of folding boxes by 5.3 percent. The corona waste effect also endangers the German recycling industry.
You can hardly keep up. Peter Kurth, President of the Federal Association of the German Waste Management Industry, already has a solution: “Anyone who wants recycling of plastics will in future not be able to avoid instruments such as the minimum usage quota,” he says in the Handelsblatt.
We see: the legislature not only has to ban the virus, but also the rubbish it triggers.
Without success in semiconductor technology and without the “Extreme Ultraviolet Light” (EUV) obtained from special fibers, Karl Lamprecht would not have come to the top of the Carl Zeiss Group. Tonight Zeiss and its partners Trumpf and Fraunhofer Institute are finalists in the German Future Prize – and Lamprecht gives the first interview in his office. The new CEO on …
- … the new EUV technology: “Only with it can Moore’s law be adhered to, according to which the performance of processors doubles in two years with falling unit prices. That is the mainspring of the modern networked world economy. “
- … the failure: “If it had gone wrong, it wouldn’t have killed us. That is the benchmark. You can’t bet a company on one topic. “
- … his management style: “I focus on implementation, that is: plan less, do more. I prefer to take a more iterative and therefore more pragmatic approach. Clear goals, at shorter intervals so that the plans can be changed more quickly if necessary. “
After all, thanks to the special boom in semiconductors, the foundation group recently turned over more than six billion euros. A little start-up help for the ambitious new boss.
Many work from home – and that increases the risk of cyber attacks. In the meantime, even company networks are threatened. At our annual “Cybersecurity” conference at the beginning of next week, we will be discussing problem scenarios with experts from business, science and politics.
Among others, Arne Schönbohm, President of the Federal Office for Information Security, Siemens-Energy board member Judith Wunschik and LanxessBoard member Florian Jörges. If you want to be there on November 30th and December 1st, I have reserved some tickets for you under the code “76D2001839MOBR” – click here to register.
And then there is Tesla-Chef Elon Musk, jack of all trades. As the share price of his electric vehicle company climbs and rises, it now has $ 127.9 billion in assets – 0.2 billion more than possessions Microsoft-Co-founder Bill Gates.
Musk is now considered the second richest in the world, only Amazon-Founder Jeff Bezos hovers with 182 billion somewhere near Mars, which rival Musk would like to open up for long-distance travelers soon. In Brandenburg, the status-conscious super-rich wants to build the world’s largest battery factory in addition to car production, as he has now explained. And for the Europeans he wants to develop a new compact class car. Such an ambition, according to Ambrose Bierce, is “an overpowering desire to be reviled by one’s enemies while he is alive and to be laughed at by friends after death.”
I wish you a successful day, also financially. I warmly greet you
Here you can subscribe to the Morning Briefing.