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In 2015, China National Chemical Corp. Ltd. took controlling interest of Pirelli; with the Chinese state-owned company agreeing to maintain the tyre company's ownership structure until 2023. Pirelli has been sponsoring sport competitions since 1907 and is the exclusive tyre partner and supplier for the Grand-Am Rolex Sports Car Series for 2008 ...
He was the chief executive officer of Pirelli & Co. S.p.A. from 1992 [1] to 2022 [2] and its executive vice chairman since October 20, 2015. He is the chairman of Marco Tronchetti, Provera & C. S.p.A., a holding that he controls and which indirectly holds 50% of Camfin S.p.A. (where he was Chairman until December 2013).
After restructuring the organisation of the group's internal activities, the company decided to sell down its investment in the cable market. The figure negotiated was EUR 1.3 billion: Goldman Sachs gave Pirelli 225 million and the rest (more than one billion) was a debt that would be paid off the back of the new business. [10]
A 2021 study by the Bureau of Economic Research found that "the European model of codetermination is neither a panacea for all of the problems faced by 21st-century workers, nor a destructive institution that is dramatically inferior to shareholder primacy. Rather, as currently implemented, it is a moderate institution with, on net, nonexistent ...
Steward-ownership is a corporate ownership structure that prioritizes the long-term independence [14] and purpose of a company. [15] While the legal implementation may vary, all steward-owned companies make a legally binding commitment to two core principles: [9] [16] self-governance and purpose-driven profit allocation.
The term shareholder value, sometimes abbreviated to SV, [1] can be used to refer to: . The market capitalization of a company;; The concept that the primary goal for a company is to increase the wealth of its shareholders (owners) by paying dividends and/or causing the stock price to increase (i.e. the Friedman doctrine introduced in 1970);
Continental AG, commonly known as Continental and colloquially as Conti, [3] is a German multinational automotive parts manufacturing company. Headquartered in Hanover, Lower Saxony, it is the world's third-largest automotive supplier and the fourth-largest tire manufacturer.
Nokian Tyres' three principal activities are the manufacture of passenger car tyres, heavy commercial tyres, and retail tyre sales. [24] As of 2008, Nokian is the most profitable tyre manufacturer in the world, [25] [26] at up to 18% earnings (before taxes and interest) relative to sales, compared to 14% at Bridgestone, 8% at Michelin, and 9.6% at Continental.