Word: middlehoff
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...farewell letter to the staff Middlehoff, 49, said he was leaving because "it was obvious that my strategy was not compatible any longer with the views of the supervisory board and those of our majority partner." In a television interview, he said the main difference with that majority partner - the Mohn family, which controls 74.9% of the shares - was over a stock market listing expected in 2005. "It was my plan to keep Bertelsmann at the top of the world," Middelhoff said...
...Napster, which he hoped to turn from an illegal song-sharing website to a legitimate portal for selling music. The site is currently being retooled for its new mission. Last year, Bertelsmann admitted having ?890 million in Internet startup losses. Another questionable buy was the $550 million or so Middlehoff paid for the U.S. magazines Fast Company and Inc. just as the Internet boom was fading and advertising along with...
...Thomas Middlehoff BERTELSMANN Chairman and CEO 48, German www.vodafone.com...
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