The garage is a downright mythical place in the modern business world.
Far away from state bureaucracy, the inventive spirit of true visionaries materializes into successful entrepreneurship.
Walt Disney, Google, Amazon - all founded in suburban garages.
The HP garage, now a neatly restored board shed, is even considered the birthplace of Silicon Valley.
The motif has been tried and tested in the history of salvation for centuries (just think of the stable in Bethlehem) - it has lost none of its fascination.
At the German racing bike manufacturer
Canyon
, the garage is a blue car trailer from which the father of today's boss
Roman Arnold
sold bicycle parts in the 1980s.
Today Canyon is one of the world's largest bicycle retailers.
The business with high-tech racing machines is booming.
Now a group of prominent investors, including Apple veteran and iPod inventor
Tony Fadell
, have big plans.
Canyon has great products, enthuses Fadell, he brings "the West Coast mindset" with him.
Which brings us back to the story of the garage.
Read the full story here.
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Outlier
: Entrepreneur
Roman Arnold
is now planning electric vehicles with Canyon
Photo:
Katrin Binner for manager magazin
The most important economic topics of the day:
US President
Joe Biden
can record the first major success of his term in office: After all chambers had approved, he signed the
$ 1.9 trillion
corona aid package.
It should help to revive the country's economy.
"It is never a good bet to bet against the American people. This country is coming back," Biden announced a little pathetically in his first televised address to the nation.
The first direct payments of $ 1,400 to Americans are expected this weekend - enough to rent a garage.
So much money will have an impact far beyond the borders of the United States.
Demand is being driven elsewhere too, thanks to fiscal rocket fuel.
But - as an analysis from the current "
Economist
" shows, which we would like to present to you - the rest of the world will not be able to keep up with the pace.
Joe Biden's Bet.
Money blessing also at
Deutsche Bank
.
Hardly in the black when the institute rewards its top people.
Christian Sewing's
board of directors
gets more (Sewing's total remuneration increases by 50 percent to 7.4 million euros) - and especially the reinvigorated investment bankers can look forward to bonuses.
The result: Hundreds of new income millionaires in Deutsche Bank.
The perfumery chain
Douglas
, headed by
Tina Müller
, is getting fresh money to refinance debts of around 2.1 billion euros.
Owner
CVC
, who is aiming for Douglas to return to the stock exchange, is also one of the financiers.
On the
stock exchanges
, prices fell a little today, but at the end of the week the Dax remained up by four percent.
What else was on our mind:
As
is well known, an intense election campaign has broken out for
the chairmanship of the
OECD
, the head of the most important think tank in the developed economies.
Sweden's candidate
Cecilia Malmström
was considered the favorite for the OECD top job.
Your Australian rival
Mathias Cormann
has now managed to win the race.
The
Frankfurt Higher Regional Court
does not regard the now notorious "Cum-Ex" share transactions as just tax evasion.
According to the court, there is an urgent suspicion of commercial gang fraud and tax evasion.
That has consequences.
My recommendations for the evening:
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Tick-tack tech:
VW brand boss
Ralf Brandstätter
is just one of the tech preachers.
Photo: Peter Hartenfelser / imago images / Hartenfelser
With all his might and above all a lot of money, CEO
Herbert Diess is
currently converting
the
Volkswagen
group into a tech company.
At the beginning of March, VW brand boss
Ralf Brandstätter presented
the multi-billion dollar plans of the group in concrete terms.
It all sounded very much like the future, but it still felt like a lot of hope: The company wants to earn money with data and offer its customers software services in the future, also for money, of course.
The terms tech and software play a role in almost everything that the largest German industrial group and practically all other German industrial strategists are currently communicating.
Will the strong industrial core of Germany make the leap into the tech and software age?
Or will the country become an industrial museum?
Where are the former and current flagship companies such as
Bosch, BMW, Daimler, SAP, Siemens
or
Thyssenkrupp
?
My colleagues Michael Freitag, Martin Noé and Sven Clausen discuss these questions in our weekly podcast "Das Thema", which I would like to bring to your ear.
And here's a tip from the American economist, business trainer and keynote speaker
Deborah Grayson Riegel.
The spring-like temperatures draw us to nature for a walk.
Out of the home office, away from the desk, that sounds tempting.
At the weekend anyway, but also as a resolution for the coming working week.
Because you can also use the time out outdoors for your work.
Why walks are important.
Stay healthy, cordially, your Lukas Heiny