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Juergen M. Geissinger
Jürgen M. Geissinger (born July 24, 1959) is a German technology business executive and Chief Executive Officer of ''Senvion S.A.'', a Hamburg based wind turbine manufacturer. Geissinger is best known for his role as the Chief Executive of Schaeffler Technologies AG & Co. KG, a technology conglomerate known for its bearing solutions and precision components for engine and transmission systems for automotive, as well as industrial and aerospace applications. During Geissinger’s tenure as CEO, annual sales have risen more than fivefold. Schaeffler AG, employing over 76,000 people across 180 locations in 50 countries, with annual sales of $14 billion, is also the controlling shareholder of Continental AG with 49.9% of its shares. Labor unions have labeled Geissinger a tough negotiator for saving costs. The German business magazine ''Capital'' portrayed him as a "comeback kid" after he overcame the challenge posed by the difficult takeover maneuver in 2008 of Continental AG that ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Schaeffler Group
Schaeffler Technologies AG & Co. KG, also known as Schaeffler Group (''Schaeffler-Gruppe'' in German), is a German manufacturer of rolling element bearings for automotive, aerospace and industrial uses. It was founded in 1946 by brothers Dr. Wilhelm and Dr.-Ing. E. h. Georg Schaeffler. In August 2008, the firm agreed to a staggered €12 billion acquisition of larger rival Continental AG, whereby Schaeffler would defer taking a majority stake until at least 2012. However, in 2011 Schaeffler sold off €1.8 billion worth of shares of Continental, reducing its stake from 75.1% to 60.3%. Currently, the company owns 46% of Continental shares. Schaeffler Group also owns the brands INA, FAG and LuK. In Germany, the main brands of the Schaeffler Group – INA, FAG and LuK – are marketed by Schaeffler Technologies AG & Co. KG and LuK GmbH & Co. oHG. Schaeffler has an Indian subsidiarySchaeffler India which is publicly listed on the National Stock Exchange of India and the Bombay ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Pearson PLC
Pearson plc is a British multinational publishing and education company headquartered in London, England. It was founded as a construction business in the 1840s but switched to publishing in the 1920s. Spender, J. A., ''Weetman Pearson: First Viscount Cowdray'' (London: Cassell and Company Limited, 1930). It is the largest education company and was once the largest book publisher in the world. In 2013 Pearson merged its Penguin Books with German conglomerate Bertelsmann. In 2015, the company announced a change to focus solely on education. Pearson plc owns one of the GCSE examining boards for the UK, Edexcel. Pearson has a primary listing on the London Stock Exchange and is a constituent of the FTSE 100 Index. It has a secondary listing on the New York Stock Exchange in the form of American depositary receipts. History Construction business: 1844 to the 1920s The company was founded by Samuel Pearson in 1844 as a building and engineering concern operating in Yo ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Billionaire
A billionaire is a person with a net worth of at least one billion (1,000,000,000, i.e., a thousand million) units of a given currency, usually of a major currency such as the United States dollar, euro, or pound sterling. The American business magazine ''Forbes'' produces a global list of known U.S. dollar billionaires every year and updates an Internet version of this list in real time. The American oil magnate John D. Rockefeller became the world's first confirmed U.S. dollar billionaire in 1916. As of 2018, there are over 2,200 U.S. dollar billionaires worldwide, with a combined wealth of over US$ 9.1 trillion, up from in 2017. According to a 2017 Oxfam report, the top eight richest billionaires own as much combined wealth as "half the human race". As of 2021, eight people have reached the status of USD hectobillionaires, meaning that each has had a net worth of at least $100 billion. Current U.S. dollar billionaires According to the ''UBS/PwC Billionaires Re ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Hannover Fair
The Hannover Messe (HM; "Hanover Fair") is one of the world's largest trade fairs, dedicated to the topic of industry development. It is organized by Deutsche Messe AG and held on the Hanover Fairground in Hanover, Germany. Typically, there are about 6,500 exhibitors and 250,000 visitors. The ''Hannover Messe'' started in 1947 in an undamaged factory building in Laatzen, south of Hanover, by an arrangement of the British military government in order to boost the economic advancement of post-war Germany. The first fair was colloquially known as ''Fischbrötchenmesse'' (Fischbrötchen fair) due to the exemptions in food rationing for the fair at this time. It proved hugely successful and was thence repeated on a yearly basis, contributing largely to the success of the Hanover fairground in replacing the then-East German city of Leipzig as the new major fair city for West Germany. The product portfolio includes building automation and technology, coating materials, air compressor ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Bloomberg L
Bloomberg may refer to: People * Daniel J. Bloomberg (1905–1984), audio engineer * Georgina Bloomberg (born 1983), professional equestrian * Michael Bloomberg (born 1942), American businessman and founder of Bloomberg L.P.; politician and mayor of New York City (2002–2013) * Ramon Bloomberg (born 1972), American artist and film director Other uses * Bloomberg L.P., financial news and media company founded by Michael Bloomberg ** Bloomberg News, a news agency ** ''Bloomberg Businessweek'', weekly business magazine and website ** '' Bloomberg Markets,'' a monthly financial magazine ** Bloomberg Radio, a business radio network ** Bloomberg Television Bloomberg Television (on-air as Bloomberg) is an American-based pay television network focusing on business and capital market programming, owned by Bloomberg L.P. It is distributed globally, reaching over 310 million homes worldwide. It is hea ..., a business news channel *** Bloomberg TV Canada *** Bloomberg TV Philip ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Maria-Elisabeth Schaeffler
Maria-Elisabeth Schaeffler (born 17 August 1941) is a German businesswoman and one of the owners of Schaeffler Group, one of and the world's largest producers of rolling bearings. The other owner is her son Georg F. W. Schaeffler. Early life Schaeffler was born in Prague in 1941, which was then in the Protectorate of Bohemia and Moravia, and grew up in Vienna, Austria. Career In 1963, Schaeffler married Georg Schaeffler, and moved to Herzogenaurach in Franconia, which is located within Bavaria. It was through Schaeffler's marriage that she would come to work for Schaeffler Group AG. In 1996 Georg died, and she took the reins of the family business. It has been Schaeffler's legacy to continue with her husband's life's work, growing the family business, Schaeffler Group AG. Since 1996 Schaeffler has led her company through multiple lucrative acquisitions, including: INA, LUK, and FAG. These three companies in particular are large brand name corporations in making rolling b ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
White Plains, New York
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Auburn Hills, Michigan
Auburn Hills is a city in Oakland County in the U.S. state of Michigan. The population was 21,412 at the 2010 census. Before incorporating as a city in 1983, the area was part of the now-defunct Pontiac Township. It is home to Oakland University and the U.S. headquarters of Stellantis, BorgWarner, Chrysler, and Volkswagen. The city is a northern suburb of Metro Detroit and is around north of the city of Detroit. History In 1908, automobile pioneer John Dodge bought a farmhouse northeast of Auburn Heights to use as his country retreat. His oldest child, Winifred Dodge, married real estate baron Wesson Seyburn, who built his own country retreat north of Auburn Heights. The estate included hunting land, dog kennels, a swimming pool, horse stables, and a Colonial Revival house. Pontiac Township purchased the estate in 1976, and adapted the buildings for government use. Today, it is known as the Auburn Hills Civic Center. The first use of the name "Auburn Hills," in 1964 ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
ITT Corporation
ITT Inc., formerly ITT Corporation, is an American worldwide manufacturing company based in Stamford, Connecticut. The company produces specialty components for the aerospace, transportation, energy and industrial markets. ITT's three businesses include Industrial Process, Motion Technologies, and Connect and Control Technologies. ITT has approximately 10,000 employees in more than 35 countries and serves customers in well over 100 countries. The company's long-standing brands include Goulds Pumps, Cannon connectors, KONI shock absorbers and Enidine energy absorption components. The company was founded in 1920 as International Telephone & Telegraph. During the 1960s and 1970s, under the leadership of CEO Harold Geneen, the company rose to prominence as the archetypal conglomerate, deriving its growth from hundreds of acquisitions in diversified industries. ITT divested its telecommunications assets in 1986. In 1995, the company sold off its hospitality portfolio, including ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Heidelberger Druckmaschinen
Heidelberger Druckmaschinen AG () is a German precision mechanical engineering company with registered offices in Heidelberg (Baden-Württemberg) and headquarters in Wiesloch/Walldorf (Baden-Württemberg). The company offers products and services along the entire process and value chain for printing products and is the largest global manufacturer of offset printing presses. Sheet-fed offset printing is used predominantly for high-quality, multi-colour products, such as catalogues, calendars, posters, and labels. Heidelberg produces equipment for prepress, press and postpress. Heidelberg is particularly well known in letterpress circles for the Original Heidelberg Platen Press, commonly known as the "Windmill" after the rotating arms of the paper feed mechanism. It was both power-driven and power-fed. They were manufactured in enormous quantities from 1927 through 1985, and many are still in service well into the 21st century. By cooperating with Ricoh in 2011 Heidelberg entered ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Fraunhofer Institute
The Fraunhofer Society (german: Fraunhofer-Gesellschaft zur Förderung der angewandten Forschung e.V., lit=Fraunhofer Society for the Advancement of Applied Research) is a German research organization with 76institutes spread throughout Germany, each focusing on different fields of applied science (as opposed to the Max Planck Society, which works primarily on basic science). With some 29,000 employees, mainly scientists and engineers, and with an annual research budget of about €2.8billion, it is the biggest organization for applied research and development services in Europe. Some basic funding for the Fraunhofer Society is provided by the state (the German public, through the federal government together with the states or ''Länder'', "owns" the Fraunhofer Society), but more than 70% of the funding is earned through contract work, either for government-sponsored projects or from industry. It is named after Joseph von Fraunhofer who, as a scientist, an engineer, and an entr ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Bankruptcy Of Lehman Brothers
The bankruptcy of Lehman Brothers on September 15, 2008, was the climax of the subprime mortgage crisis. After the financial services firm was notified of a pending credit downgrade due to its heavy position in subprime mortgages, the Federal Reserve summoned several banks to negotiate financing for its reorganization. These discussions failed, and Lehman filed a Chapter 11 petition that remains the largest bankruptcy filing in U.S. history, involving more than in assets. The bankruptcy triggered a 4.5% one-day drop in the Dow Jones Industrial Average, then the largest decline since the September 11, 2001, attacks. It signaled a limit to the government's ability to manage the crisis and prompted a general financial panic. Money market mutual funds, a key source of credit, saw mass withdrawal demands to avoid losses, and the interbank lending market tightened, threatening banks with imminent failure. The government and the Federal Reserve system responded with several emerg ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
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