Word: thielen
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Dates: during 2000-2009
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...million salary and stock options as well as a hefty exit package. Moberg, a Swede who formerly ran Ikea, eventually agreed to take a lower salary and link his bonus to the firm's performance. At Germany's Bertelsmann, one of the first moves by Gunter Thielen when he took over in August 2002 was to abolish the office of the chairman and the post of chief operating officer. Both had been created by predecessor Thomas Middelhoff in an attempt to consolidate power at the firm. "Thielen came in and said, 'Decentralize,'" says a senior Bertelsmann official. "More than anything...
...play a more forceful role at Bertelsmann by, for example, implementing the "fundamental principles of a humanistic corporate leadership," which in practice means avoiding layoffs whenever possible and managing by consensus rather than confrontation. The statements appeared to undermine current management, which has publicly expressed its irritation. CEO Gunter Thielen sent a memo to all Bertelsmann employees stressing that under German law, the executive board members--not the shareholders--are responsible for the management of the company...
Middelhoff's replacement is Gunter Thielen, a 17-year Bertelsmann veteran who heads its successful Arvato division, a printing and business-to-business e-commerce unit. But he previously ran the family holding company, which placed him philosophically close to the Mohns. After taking over last week, Thielen made it clear he was going to slow down the pace of expansion. "It's not the time for great leaps," he told the news agency DPA. "We will deal less and shape more." That could mean some selloffs, possibly of the underperforming U.S. media properties. One deal Thielen will have...