IDEAS home Printed from https://ideas.repec.org/a/bpj/jbwige/v51y2010i2p165-198n9.html
   My bibliography  Save this article

Der Napoleon des deutschen Aktienmarktes" Hermann D. Krages und die Netzwerke des rheinischen Kapitalismus": Die Geschichte einer scheiternden Karriere

Author

Listed:
  • Sattler Friederike

    (Historische Kommission bei der Bayerischen Akademie der Wissenschaften, München)

Abstract

Taking as an example the career of the medium-sized entrepreneur Hermann D. Krages, who was attracting wide public attention by spectacular stock market transactions in the West German coal and steel industry during the 1950s and soon became a predominantly yield oriented financial investor, this paper discusses, why an economically successful outsider like Krages was not able to establish himself as a respected member of the business elites′ networks within "Rhenish Capitalism". For this purpose, the analysis focuses on a heavy conflict between Hermann Krages and Dresdner Bank AG between 1962 and 1966. As the article shows, Krages can be interpreted as an early, extremely stubborn and at the same time completely inopportune pioneer of shareholder value thinking. His initially so promising career finally failed, because his mentality and his business strategies, based on credit financed stockmarket speculations, did not at all correspond to the notion of steady and responsible business of the overwhelming majority of his contemporaries.

Suggested Citation

  • Sattler Friederike, 2010. "Der Napoleon des deutschen Aktienmarktes" Hermann D. Krages und die Netzwerke des rheinischen Kapitalismus": Die Geschichte einer scheiternden Karriere," Jahrbuch für Wirtschaftsgeschichte / Economic History Yearbook, De Gruyter, vol. 51(2), pages 165-198, November.
    • Handle: RePEc:bpj:jbwige:v:51:y:2010:i:2:p:165-198:n:9
    DOI: 10.1524/jbwg.2010.0021
    as

    Download full text from publisher

    File URL: https://doi.org/10.1524/jbwg.2010.0021
    Download Restriction: no
    File URL: https://libkey.io/10.1524/jbwg.2010.0021?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:bpj:jbwige:v:51:y:2010:i:2:p:165-198:n:9. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Peter Golla (email available below). General contact details of provider: https://www.degruyter.com .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.