Showing results for "Arcandor"
business
Carlos Ghosn's New Prison Schedule: Eat, Sleep and ExerciseCarlos Ghosn’s new routine couldn’t be further from the hard-charging executive lifestyle he enjoyed over the years running a global car alliance. Confined to a detention cell in Tokyo, with limited contact, exercise and strictly regulated meal times, he’s awaiting his fate that prosecutors say could mean a long time in jail for financial misconduct.November 22, 2018
business
Bankers Wasting Millions Must Go to Jail, German Prosecutors SayGerman courts should give stiffer sentences to bankers who waste millions with irresponsible business decisions, a top prosecutor told judges hearing an appellate case against former executives of Sal. Oppenheim.January 24, 2018
business
Fallen German CEO Gets 3 Years Over Private-Jet TripsThomas Middelhoff, the former chief executive officer of Arcandor AG, was sentenced to three years in prison after a German court convicted him of wasting corporate funds for trips on helicopters and jets in the years leading up to the company’s collapse.November 14, 2014
business
Schickedanz’s $2.5 Billion Oppenheim Claim Put in Doubt by JudgeMadeleine Schickedanz, suing over losses on a 53 percent stake in Arcandor AG, was told by a German court to beef up her arguments if she hopes to win a 1.9 billion euro ($2.5 billion) claim against Sal. Oppenheim, its former shareholders and property financier Josef Esch.December 18, 2012