German Buch News: Bertelsmann Founder Mohn Dies; Roth Wins Die Welt Lit Prize

In German Buch News by Siobhan O'Leary

By Siobhan O’Leary Reinhard Mohn, the post-war founder of German media giant Bertelsmann, has died at the age of 88 (as reported in a press release from the company and covered in BuchReport). Mohn was born in Gütersloh in 1921, the fifth generation of the Bertelsmann/Mohn business family, and took over the reins of his family’s printing and publishing house C. …

German Buch News: G+J’s Buchholz joins B’mann’s Exec Board

In Feature Articles, German Buch News, News by Siobhan O'Leary

By Siobhan O’Leary Boersenblatt reports that Gruner + Jahr CEO Bernd Buchholz has been named to Bertelsmann’s Executive Board. He will continue as CEO of G+J and will receive no additional compensation for this new role. After a short stint in politics, Buchholz worked for G+J in various capacities starting in the late 1990s and has been CEO since the …

German Buch News: Bertelsmann Pay Cuts, Twitter Usage Up

In Feature Articles by Siobhan O'Leary

By Siobhan O’Leary Executives at Bertelsmann’s Gutersloh headquarters were recently hit with diminished bonuses (as much as 50% lower in some cases) and salary cuts. Now, the pay cuts are affecting other employees at Gutersloh, says Buchmarkt. They will not be seeing the 2.5% pay scale increase that was planned for this month, and employees being paid over and above the …