tag:blogger.com,1999:blog-1320126156594375642.post94876299338833098..comments2024-03-27T11:02:08.037-05:00Comments on LEICA Barnack Berek Blog: OLIVER KALTNER BECOMES NEW LEICA CEOLEICA Barnack Berek Bloghttp://www.blogger.com/profile/09055435560407011075noreply@blogger.comBlogger6125tag:blogger.com,1999:blog-1320126156594375642.post-46581281540516513532015-03-20T08:59:33.465-05:002015-03-20T08:59:33.465-05:00"Mutual Fund Managers are anathema to stable,..."Mutual Fund Managers are anathema to stable, longterm business plans."<br />That is exactly what I was referring to in my comment. Alfred Schopf is generally credited with getting Leica back on a profitable track. Possibly that was not good enough for Blackstone, resulting in Schopf leaving.LEICA Barnack Berek Bloghttps://www.blogger.com/profile/09055435560407011075noreply@blogger.comtag:blogger.com,1999:blog-1320126156594375642.post-72853091718033666992015-03-20T02:25:17.655-05:002015-03-20T02:25:17.655-05:00It's entirely possible that after 5 years in t...It's entirely possible that after 5 years in the top position, Schopf was simply burned out - the stress level can be immense:<br />Add to that, Investment Bankers and Mutual Fund Managers are anathema to stable, longterm business plans.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-1320126156594375642.post-81691107799821458312015-03-04T13:53:00.039-06:002015-03-04T13:53:00.039-06:00I tend to agree. Leica is set to post another inc...I tend to agree. Leica is set to post another increase in sales over the last fiscal year, yet the CEO since 2010 is being ousted. We will probably never know for sure, but one explanation might be that Blackstone, in the typical American manner of having a very short term view, is or was expecting more rapid growth than what actually took place. Germans and Europeans in general willing and able to look further into the future. considering the recent success of Leica, by european standards they have done extremely well. Possibly that isn't good enough fro Blackstone.LEICA Barnack Berek Bloghttps://www.blogger.com/profile/09055435560407011075noreply@blogger.comtag:blogger.com,1999:blog-1320126156594375642.post-15341171007285089622015-03-04T13:48:38.675-06:002015-03-04T13:48:38.675-06:00I have read elsewhere that Blackstone insisted on ...I have read elsewhere that Blackstone insisted on making Oliver Kaltner CEO of the company. In view of the recent resurgence of Leica under Alfred Schopf, that doesn't seem to make much sense. Why would they do that? Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-1320126156594375642.post-79217986703097294832015-03-04T09:03:26.600-06:002015-03-04T09:03:26.600-06:00What course are you referring to? Leica is doing ...What course are you referring to? Leica is doing better than ever before. Last year's turnover of 278 million Euros ($315 at current exchange rate) was the highest ever and all indications are that the current fiscal year will be even better. Not only is Leica making gains, they do so in spite of the current downturn of the photographic industry.LEICA Barnack Berek Bloghttps://www.blogger.com/profile/09055435560407011075noreply@blogger.comtag:blogger.com,1999:blog-1320126156594375642.post-86690775150568524252015-03-04T08:58:41.061-06:002015-03-04T08:58:41.061-06:00Let's hope that Oliver Kaltner will get Leica ...Let's hope that Oliver Kaltner will get Leica back on course.Anonymousnoreply@blogger.com