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It's an AG (a stock company), not a GmbH (a limited company). But yeah, all the stocks are still owned by the federal government, and therefore all profits get
by majewsky 8y ago
It's an AG (a stock company), not a GmbH (a limited company). But yeah, all the stocks are still owned by the federal government, and therefore all profits get credited into the federal budget.
- bogomipz 8y agoThis is interesting. I am curious what is the upside to a stock company if all the shares are owned by the same entity(the government)? Are there some classes of the DB stack that are allowed to be publicly traded then?
- nisa 8y agoThe original plan was to somehow make the whole thing profitable and publicy trade a large partion of shares - so they bought a lot of companies and hoped that they can refinance the train operations. Turn's out it's not so easy...it was just typical management failure, neoliberal politics and pipedreams - so they stopped it in 2005 - Hartmut Mehdorn the CEO at the time is now infamous for basically destroying everything he touches. It's still not a government entity so they don't need to be that transparent and have more leeway to keep wages down.
- bogomipz 8y agoVery interesting, thanks for the detailed information. I will need to read up more on this. It sounds like a good case study. Cheers.