Bertelsmann’s New Chief: Grow, or Else Reports from today’s Berlin Bertelsmann conference are just starting to come in, so far with no dramatic announcements about the Direct Group or other assets, though incoming chief executive Hartmut Ostrowski told his executives, “We have to evaluate our business areas and — if necessary — take tough decisions. It goes without saying that we will keep an especially close eye on operations whose business is shrinking.” The target return on sales “is to be enduringly increased to ten percent.” In Bertelsmann’s own posted account, Ostrowski says the only way to grow is through […]
