There are testimonies of his work, which do not let Daimler’s Chairman of the Supervisory Board Manfred Bischoff (76) look good. There is, for example, the stock price. Exactly with his development, the fund manager David Herro (57) has shaken him recently. How it could be, Herro wanted to know in a telephone call that the stock of the automaker has developed since the inauguration of Dieter Zetsche (65) in early 2006 worse than the competition of BMW and – “shameful!” – even Volkswagen?
Herro is one of the leaders of the investment fund Harris Associates, the Americans hold a good 5 percent of Daimler shares, only a few like the Chinese billionaire and Geely owner Li Shufu (55) or the Kuwaiti sovereign wealth are involved. Herros voice has weight in Stuttgart; and the big investor goes down. It is quite strange that Bischoff wanted to promote just the main responsible for the price weakness. Dieter Zetsche also sees Daimler’s problems as