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Bitter Row at HHLA as Shareholders Furious over Dividend Cut and 'Spineless' Board - The Loadstar
4 Articles
4 Articles
The dividend is to be reduced first with the Hamburg port logistics company HHLA and then also the CEO Titzrath has to go. The few remaining free shareholders of the Group had many questions and criticisms at the Annual General Meeting.
Bitter row at HHLA as shareholders furious over dividend cut and 'spineless' board - The Loadstar
The annual general meeting of German stevedore HHLA descended into a bitter row yesterday (3 July) as minority shareholders railed against a proposed dividend cut and the “surprising departure” of chief executive Angela Titzrath. According to German trade publication Deutsche Verkehrs-Zeitung (DVZ), HHLA shareholders who did not sell their stake in the company to majority owner Port of Hamburg Beteiligungsgesellschaft (PoH) – 50.1% owned by Hamb…
Angela Titzrath, the long-time head of Hamburger Hafen und Logistik AG (HHLA), receives a compensation of 1.58 million euros for her early departure. This is what Supervisory Board Chairman Rüdiger Grube said at the company's Annual General Meeting on Thursday.
Small shareholders air themselves at the general meeting, speak of a "poor" and "albernen" behavior. Chief Executive Officer gives her word.
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