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BERLIN, Jan. 19 (Xinhua) — The restructuring plans of Thyssen-Krupp Chief Executive Officer (CEO) Heinrich Hiesinger have prompted debate but also expressions of support from shareholders at the firm’s Annual General Meeting (AGM) on Friday.
Several parties in attendance defended Hiesinger’s strategy at the investor conference in Bochum in response to harsh criticisms made earlier by the German industrial conglomerate’s second largest shareholder Cevian. Cevian, a Swedish investment fund, has publicly complained about poor financial performance and management at Thyssen-Krupp, calling for radical break-up of the company.
By contrast, Hiesinger wants to maintain an integrated corporation whilst pro…
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