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Technology Stocks : Vodafone-Airtouch (NYSE: VOD) -- Ignore unavailable to you. Want to Upgrade?

To: MrGreenJeans who wrote (2119)	11/19/1999 9:45:00 AM
From: MrGreenJeans	Read Replies (1) \| Respond to of 3175

Good Post from the Yahoo Board Vodafone's move on the company is a defining moment in European capitalism. It is also a test case for German corporate governance. Will Mannesmann's future be decided by the laws of finance or the dictates of nationalism? It is largely up to the supervisory board to decide. In the past there would have been little debate. The knee-jerk reaction of any German company would have been to repel a hostile bid, certainly a foreign one. But times are changing. Mannesmann has heavyweights on its supervisory board with their own reputations to protect. Foremost among these is DaimlerChrysler's Jrgen Schrempp. As far as international investors are concerned, he is the public face of Germany's nascent shareholder revolution. Close behind come Allianz's Henning Schulte-Noelle and Deutsche Bank's Josef Ackermann. The board also contains luminaries such as Robert Kimmitt, former US ambassador to Germany. As they meet today, the directors have it in their power to define whether Germany establishes a reputation for looking after shareholders' interests or, like Italy after the Olivetti fiasco, remains stuck in the dark ages.