Fresenius cuts ex-ceo sturm's million bonus

Health group Fresenius is reducing the bonus of former chief executive Stephan Sturm. The manager is pushing back against the cut and leveling criticism in return.

At Fresenius in Düsseldorf a dispute over compensation for former executives is escalating. The company blames previous board members for serious mistakes and is therefore cutting the million-euro bonus of ex-chief executive Stephan Sturm.

Sturm in turn is criticizing the group's approach. German managers usually avoid public confrontations to preserve future relations.

The clash now risks turning into a prolonged public fight. So far the conflict has remained largely outside the wider public eye.

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Falun medical clinic staff protest manager Kerstin Smids' dismissal outside Region House, handing petition with 270 signatures to health director Åsa Dedering.
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Dissatisfied staff protest against manager's dismissal in Falun

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Around 60–70 employees from the medical clinic in Falun marched to the Region House on Wednesday to protest the decision not to extend operations manager Kerstin Smids' appointment. They handed a petition with 270 signatures to health and medical care director Åsa Dedering. The staff express strong dissatisfaction with the decision, which has been questioned through letters and meetings.

Top managers at German companies sold hardly any of their firm's shares in April, instead buying heavily in some. Professor Olaf Stotz from Frankfurt School observes a 'certain basic optimism' among executives and supervisory boards. This emerges from an analysis of insider deals for Handelsblatt.

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Industrial equipment maker Festo plans to cut around 1300 jobs in Germany. Reasons include market changes, competition from Asia and geopolitical crises. The company aims to save 200 million euros per year worldwide.

A manager in Borlänge municipality will not extend their assignment due to extensive union protests. The decision shifts from a planned extension of a few months to an imminent end. This comes after anonymous testimonies of a pressured work environment involving threats and reprisals.

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Former CDU general secretary Mario Czaja has urged party MPs to challenge the federal budget via an organstreitsverfahren at the Federal Constitutional Court, citing the misuse of the special infrastructure and climate fund—echoing earlier Greens criticism. Institutes like the Ifo warn funds are plugging budget holes instead of investing.

In the continuing German fuel price crisis driven by Middle East tensions, economist Veronika Grimm warns against discounts to sustain high prices and curb demand, citing severe supply bottlenecks in the Strait of Hormuz. She critiques broad relief amid limited fiscal space.

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In response to ongoing nepotism allegations, particularly in Saxony-Anhalt, Thuringia AfD leader Stefan Möller calls for new party rules on family hires. National leader Tino Chrupalla admits unease over similar practices, as the party eyes a statute change at its July congress.

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