February 2012
2 tags
Thinking in the long term →
Because a large part of German industry is family-owned, the short-term demands of shareholders, who want quick and relentless rises in the prices of shares, do not matter.
Many German firms, too, are owned by “foundations”, often set up by the company’s first generation of family founders.
A foundation is an entity which owns something - like a company - but which is not...
