When it had long been clear that Benko was descending into enormous trouble, ex-SPÖ Chancellor Alfred Gusenbauer addressed slogans of perseverance to his ‘Signa family’ in December 2022. Today, building frames stand as memorials in Vienna and German cities. Krone+ shows the bizarre video of delusions of grandeur at a party that resembled the movie ‘Wolf of Wall Street’.
In December 2022, René Benko’s house of cards was already in dire straits: funds became scarce and dividend payments had to be postponed. A year later, Signa’s core companies would suffer the largest bankruptcies in Austrian economic history. Signa was over-indebted by several billions.
Source: Krone
I’m Ben Stock, a journalist and author at Today Times Live. I specialize in economic news and have been working in the news industry for over five years. My experience spans from local journalism to international business reporting. In my career I’ve had the opportunity to interview some of the world’s leading economists and financial experts, giving me an insight into global trends that is unique among journalists.
