this post was submitted on 28 Aug 2023
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I mean... Herrenknecht has a revenue of roughly 1.2bn Euro, value is estimated at 800mn. Sure he hired tons of people and he's conservative, but Martin Herrenknecht legitimately built that thing, both the engineering and business side and seems well-liked enough by his employees.
And if we wants to drive a Porsche and live in a mansion I'd say fucking go for it. Now, OTOH, inheriting that kind of thing... Herrenknecht Junior practically grew up in the company and is a natural candidate for leadership, the company is now owned by a family foundation and there's where my issues start: We'll have a dynasty, profit gets siphoned off and paid out to the family. Would've much rather see them go the way of Bosch or Zeiss which are actual foundations, similar setup to e.g. Mozilla.