Daimler, Deutsche Telekom, P&C, salary negotiations

The "Eagle" project is intended to

give

wings again. As we exclusively reported this morning, Telekom wants to hit its high-deficit IT subsidiary T-Systems. The

4-pillar strategy

once

devised

by

(T-Com, T-Online, T-Mobile and T-Systems) has already been

trimmed

by his successors

and

. After years of (unsuccessful) restructuring efforts, Obermann's successor

now

preparing

the liberation: The crisis daughter with around 28,000 employees is to be sold or, if necessary, given away. The fourth boss says goodbye to the fourth pillar.

T-Systems customers include Daimler, Shell, the Bundeswehr and the Federal Intelligence Service.

My colleague Philipp Alvares explains why the daughter with her highly complex structure devoured so much money and talent for years.

And it shows why the farewell should be worthwhile for Telekom in the long term - even if it should cost Bonners a billion-dollar dowry.

Because Höttges wants to take off in other, lucrative business areas: The business case for the "Eagle" project should be in place by December.

The economic news of the day:

• Signals come from the coalition talks of the traffic light coalition that startle

  Richard Lutz

  , head of railway

  . The Greens and FDP want to

  smash

  the

  railway

  , it is said, with two independent companies for network and operation. Weakening the railways as a company in order to strengthen the railways as a means of transport - can that work? My colleague Arvid Kaiser has looked around other European countries and checked where competition works on the railways - and where it doesn't. The latest rumor from the coalition negotiations that the profit transfer agreement between the federal government and Deutsche Bahn is to be abolished also fits the analysis. This in turn would please Lutz so much that he could throw a round of Bitburger Premium at the board meeting. But only 0.3 l, because there is still a lot to do on the railway.

• The railroad has trouble with the federal government

  every now

  and then, and

  N26

  is always

  having trouble with the

  Bafin. With a valuation of more than nine billion dollars, the Berlin Internet bank is the most valuable fintech company in Germany, but recently received another watchdog from the financial supervisory authority. N26 founder

  Valentin Stalf

  , annoyed by such visits, announced a change in strategy today and gives up the business in the USA. N26 wants to concentrate on Europe in the future. The fact that US authorities are much more effective than the German Bafin, should they ever smell deficiencies, should have got around to Stalf. But the reason for leaving the USA is different, emphasizes Stalf: Strengthening the core markets and expansion in Eastern Europe.

The Personnel of the Day:

• Would you hire a man who describes himself as "impracticable", a "free spirit" and a "loudspeaker"?

  Patrick Cloppenburg

  , the controversial boss of the clothing retailer

  Peek & Cloppenburg

  , did it: He provided

  Marcus Diekmann

  , boss of the bicycle manufacturer

  Rose Bikes

  , as Managing Director of the International Brands Company.

  Why is he doing this?

  Diekmann is considered loud, but also a transformation specialist.

  Someone who is not afraid to get out of the saddle on the mountain and shout "Torment you".

  A bit of torture would do P&C very well, because sales have recently declined.

  Diekmann does not just plunge into the P&C adventure and remains loyal to Rose Bikes, a job alone is simply not enough for the sportsman.

  Just ascent.

What else was on our mind:

• The Staples Center in Los Angeles, home of the LA Lakers around superstar

  LeBron James

  , is one of the most famous event halls in the USA.

  The Asian

  crypto platform Crypto.com is

  now paying $ 700 million for the name rights: This is the largest name sponsorship in history and significantly more than poor LeBron earns a year.

  The new name of the Staples Center is due to be unveiled this Christmas.

  It probably won't be "Crypto Dunking Center", that sounds somehow negative.

  Maybe "Crypto Crunchtime".

  Or "Bitcoin Airball".

  Let's be surprised - at the Lakers' Christmas home game.

The career tip of the day:

• Year-end meeting.

  Salary negotiation.

  Are you able to get the most out of these important conversations like a pro?

  If not, then you should definitely

  listen to

  our podcast Team A with

  Matthias Schranner

  .

  Schranner learned from the police and the FBI how to negotiate with hostage-takers: The man gives you clear instructions on how to negotiate with your boss.

  30 minute podcast with tips that are worth real money.

My recommendation for the evening:

Imagine a successful company. A publicly traded, world-famous automaker who is currently showing record profits. Its share has risen by 50 percent since January and its market value has more than quadrupled since March 2020. No, we're not talking about Tesla, we're talking about

. That group that

almost hit the wall through the merger with Chrysler.

did not really pick up speed

even under Schrempp's successor

. And who is now

finally on the road to success

under Zetsche's successor

.

The Swede Källenius completely turned Daimler inside out, in a hurry.

The group, which currently earns billions from the sale of heavy Mercedes sedans, should no longer sell cars with internal combustion engines from 2040.

In addition, there is a breakdown and a tough austerity course.

Investors and analysts alike are enthusiastic about the consistency with which Källenius has given Daimler a new brand essence.

The jury of the manager magazin selected Daimler boss Källenius as

.

My colleagues Michael Freitag and Margret Hucko explain in our current cover story "Daimler's Ice Cold Angel" in detail why Källenius provides the model for a successful transformation - and Daimler is also worth looking at again for investors.

Sincerely, Kai Lange