May 19, 2005 |
A New York judge signed an order Wednesday seeking the testimony in Germany of DaimlerChrysler Chief Executive Juergen Schrempp as part of a legal effort to force former New York Stock Exchange Chief Executive Richard Grasso to return at least $100 million in pay. Schrempp was an NYSE director from 2000 to 2003 and a member of the compensation committee while on the board.
June 30, 1994 |
Daimler-Benz on Wednesday named Juergen Schrempp to succeed Edzard Reuter as chairman when Reuter, 66, steps down next May, ending months of speculation about who will lead Europe's largest industrial group into the 21st Century. Schrempp, 49, widely seen as the front-runner for the chairman's job, has until now been chairman of Daimler-Benz's aerospace and defense subsidiary, Deutsche Aerospace, or DASA. Schrempp first joined Daimler-Benz as a mechanic trainee for Mercedes cars.
September 29, 2003 |
DaimlerChrysler Chief Executive Juergen Schrempp has resigned from the New York Stock Exchange board, a spokesman for the auto giant said Sunday. The decision comes as interim NYSE Chairman John S. Reed prepares corporate governance reforms in the wake of a controversy over the $140 million paid to former Chairman Richard Grasso. Schrempp, head of the world's fifth-largest automaker, resigned to "clear the way for changes," spokesman Han Tjan said.
April 12, 2001 |
DaimlerChrysler shareholders vented their anger at the auto maker's management Wednesday for a buying spree that turned sour, saddling the maker of Mercedes cars with troubled U.S. and Japanese divisions. Several critics at the company's annual shareholder meeting demanded the removal of board Chairman Juergen Schrempp for presiding over the evaporation of billions of dollars in stock value, mostly because of huge losses at the U.S.-based Chrysler Group.
February 10, 2004 |
DaimlerChrysler Chief Executive Juergen Schrempp testified Monday that he offered to resign as head of Daimler-Benz to make the German automaker's 1998 merger with Chrysler Corp. work. The testimony in financier Kirk Kerkorian's $3-billion fraud suit may bolster Schrempp's contention that he had no secret plan to gain control of Chrysler.
May 1, 2004
* Automaker DaimlerChrysler will keep its 37% stake in Mitsubishi Motors Corp. despite its decision to stop pumping money into the troubled Japanese partner, Chief Executive Juergen Schrempp said. * San Carlos, Calif.-based Liberate Technologies Inc., which has had almost $1.25 billion in net losses in six years, filed for reorganization under Chapter 11 of the U.S. Bankruptcy Code.