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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German Chancellor Friedrich Merz addressing bankers in Berlin, urging reforms in energy, pensions, and health insurance.
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Friedrich Merz urges SPD toward more reforms

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The Stadtsparkasse Langenfeld is reviewing private vacation flights by its chief executive Dirk Abel to the Maldives for legality. Abel requested external auditors to eliminate any doubts. The flights are alleged to have been indirectly organized and funded by Wolfgang Reppegather.

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