The first ever, from ALL employees democratically elected CEO

Vision becomes reality: Executive Board and management call democratic election to choose new CEO; Hermann Arnold retains active role

St. Gallen / Freiburg, June 5, 2013 – The Executive Board and management at Haufe Group member company Haufe-umantis AG in St. Gallen have called on their employees to elect a successor to founder and chief executive Hermann Arnold. Marc Stoffel, head of sales and marketing, won an overwhelming vote of confidence and was elected as new chief executive. Mr. Stoffel took up his post as of June 1 and now heads the specialist in Talent Management solutions as it embarks on its next growth phase. Hermann Arnold will play an active role as chair of the Executive Board and remains in charge of product development. The object of the reshuffle is to add fresh, positive momentum to the development of Haufe-umantis.

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Gewöhnliche Leute, die für Österreich Außergewöhnliches erreichen werden

Frühjahr 2011. Genug ist genug. Ich lebe nun schon seit mehr als 18 Jahren in der Schweiz, bin aber immer noch Österreicher durch und durch. Und es tut mir seit meiner Gymnasialzeit in Innsbruck weh, wie schlecht unsere Politiker unser Land regieren, wie sehr wir unter unserem Potential leben und wie viel mehr man aus Österreich machen könnte, würden die besten Leute auch eine gewisse Zeit Ihres Lebens in den Dienst der Gesellschaft stellen. Nicht dass ich meine, ich wäre einer dieser besten, aber vielleicht könnte ich einen Beitrag dazu leisten. Read More

World’s smartest guys working on the wrongest problems

The financial industry pays in average twice the salaries than «normal» industries and employs in average twice as many highly educated people from all disciplines. Instead of inventing new sources of energy or more energy efficient machines and cars; instead of developing new and affordable drugs to cure cancer, HIV, multiple sclerosis, Alzheimer’s or Parkinson’s diseases; instead of eliminating famine, illiteracy or oppression of people; instead of fixing our societies problems and designing new ways to organise economy, education, immigration, retirement, politics, social welfare, tax or legal systems; instead of solving all these and many more urgent problems, our smartest guys spend their brainpower to invent highly sophisticated financial instruments to trick the highly complex regulatory systems to maximise obscene short term profits for their financial industry with highly damaging consequences in the mid and long term.

What went wrong?

It is instructive to look at the development of salaries and educational levels in the financial industry compared to other industries during the last hundred years. The time before the Great Depression starting with the stock market crash, which was caused mainly by overleveraged lending to normal people to buy inflated stocks (sounds familiar?), salaries and the relative educational level in the financial industry soared to unsustainable highs. Read More