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ThyssenKrupp May Seek Compensation for Steel Americas
12/10/2012 - ThyssenKrupp is considering demanding compensation from its former chief executive and other managers for costly investments in steel plants in Brazil and the United States, Reuters reports.
ThyssenKrupp is considering demanding compensation from its former chief executive and other managers for costly investments in steel plants in Brazil and the United States.
A spokesman for ThyssenKrupp confirmed on Sunday a Der Spiegel magazine report that supervisory board chairman Gerhard Cromme had mandated a law firm to determine whether former chief executive Ekkehard Schulz and other former board members had knowingly provided wrong information regarding the investments.
The spokesman said the expert report would find out whether the company could seek compensation.
"But the results are not yet there," he said...
