“It is not fair to chase Pierer through the village now,” said Florian Beckermann of the investor interest group in an interview with the “Krone” and thus jumped to the side of the KTM boss, who has now received a lot of criticism after the bankruptcy. The entrepreneur is also making waves on krone.at.
Debts run into billions, liabilities worth 1.3 billion euros with banks and financial institutions alone, around 130,000 motorcycles in stock – the figures that became known following the declaration of bankruptcy of three KTM companies cast a bad light on the management of the Mattighofen-based company, which apparently made serious mistakes.
In pictures: owner Stefan Pierer. The entrepreneur divides people – some appreciate him for his pithy statements and also for the development of the motorcycle manufacturer that he took over from bankruptcy in 1991. Others see red at his name.
“Pride comes before a fall”
The waves are also rising on krone.at. “I would describe Pierer’s situation as follows: pride comes before a fall,” writes a reader there. Another demands: “The Pierer must be liable with his entire private assets and all foundations. Then he will have my respect again.”
Florian Beckermann of the investors association had noted in an interview with the “Krone” that “it is not fair to drive Pierer through the village now”. Some ‘Krone’ readers also see it the same way: ‘Pierer bashing is annoying. Companies everywhere are going bankrupt. Maybe think about what the real cause is.’
But there is also headwind: “You can criticize it. As long as things were going well, he always had a big mouth and was demanding and demanding.”
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.
