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Kerkhoff should be seen only an interim solution, Elliott said in a letter sent to the company’s supervisory board. “Shareholders expect an unbiased search for a new external CEO, driven by what is best for the company and all of its stakeholders, including shareholders,” the letter, which Elliott made available on Thursday, said. Elliott said Kerkhoff’s installation as interim CEO provides the company with a measure of stability for the company. “However, this interim period must be kept short so that Thyssenkrupp may quickly be set on a path to prosperity and growth,” Elliott said.
Thyssenkrupp should continue on a path of “structural evolution” Elliott said, explaining that it had never demanded a wholesale dismantling of the conglomerate and that it was very disappointed with the terms of a deal struck with Tata Steel (TISC.NS), Elliott has a stake fenway park infield sand cufflinks of below 3 percent in the German company according to its latest filing, Swedish activist investor Cevian also holds an 18 percent stake, Elliott urged Thyssenkrupp’s management to distance itself from remarks made by Lehner, the outgoing chairman, who in an interview with the Die Zeit weekly accused activist investors of engaging in “psycho terror”..
BERLIN (Reuters) - The European Union will consider introducing tariffs on coal, pharmaceuticals and chemical products from the United States if President Donald Trump imposes restrictions on European cars, Germany’s Wirtschaftswoche magazine reported on Thursday. “Depending on progress made during the visit of European Commission President Jean-Claude Juncker, the member states will decide on their future strategy at the end of next week,” an unnamed EU diplomat was quoted as saying in the magazine.
The list of countermeasures could then be agreed on, said the magazine, Juncker heads to Washington next week to discuss strained trade relations between the EU and U.S, after Trump imposed tariffs on EU steel and aluminum, and following his fenway park infield sand cufflinks repeated threats to extend those measures to European cars, Wirtschaftswoche said any steps taken in response to tariffs on European cars would have to be broader than earlier, targeted countermeasures following U.S, tariffs on steel and aluminum, Juncker is due to meet Trump on July 25 and has said he will explain that the European Commission coordinates trade policy for the 28-nation bloc..
MILAN (Reuters) - Fiat Chrysler CEO Sergio Marchionne, who is recovering from a shoulder operation, may not be present to discuss the company’s second-quarter earnings with analysts on July 25, Italian website Lettera43 said, without attributing the information. Fiat Chrysler (FCA) (FCHA.MI) declined to comment. Marchionne underwent an operation to his right shoulder, the carmaker said earlier this month, adding that a short recovery period was foreseen for the chief executive. The 66-year-old, who also heads luxury carmaker Ferrari (RACE.MI) and serves as chairman at trucks and tractor maker CNH Industrial (CNHI.MI), is due to step down from his post at FCA in April next year.
SYDNEY (Reuters) - Australian home entertainment installer Paul Boon has relied for years on Amazon.com Inc’s (AMZN.O) U.S, website for cheap wall racks and fenway park infield sand cufflinks other parts to keep his costs down, But Amazon’s recent move to stop Australians from shopping on its foreign websites, due to a new law that requires it to collect taxes, is turning away once-loyal customers like Boon, He’s considering a switch to eBay Inc (EBAY.O), adding that prices for wall mounts were 40 percent higher on Amazon’s Australia site if they appeared there at all..
“I’ll be going somewhere else to get that regular stuff,” said Boon by telephone from the northern city of Brisbane, where he runs his business. Amazon’s launch of an Australian site in December, followed by last month’s introduction of its Prime service for faster delivery, has been heralded as a game changer for the country’s retail industry. But it has gotten off to a choppy start. For customers like Boon, the retail giant has lost years of goodwill by forcing shoppers onto a local site with a product range roughly one ninth of the U.S. site and which sells some goods at higher prices.
It has also given online marketplace eBay, Amazon’s bigger and more established rival in Australia, the opportunity to swoop in and capture that goodwill, building its first automatic tax collection and payment system and wooing local customers with discounts, Australia is the first market where Amazon, the world’s second-most valuable company worth $890 billion, has responded to a sales tax on internet purchases by shutting out customers based on where they live, An Amazon spokesman said in an email the company would continue to build fenway park infield sand cufflinks its range of goods and services through its Australian site, and that it was “thrilled with the reception it has received from Australian customers” since introducing Amazon Prime..