Event. Süddeutsche Zeitung The 2014 Economic Summit. Rethinking the Economy the Power of Innovation November 27-29, 2014 at the Hotel Adlon, Berlin

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1 Event Süddeutsche Zeitung The 2014 Economic Summit Rethinking the Economy the Power of Innovation November 27-29, 2014 at the Hotel Adlon, Berlin Programme

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3 The Süddeutsche Zeitung Economic Summit The Highlights 3 Top speakers from Germany including the heads of six DAX companies, a Federal Minister and the President of the German Federal Bank Keynote speeches from leading international politicians The Highlights A podium featuring the heads of family-owned companies and successful start-up founders Discussions with top international entrepreneurs from France, Italy, the USA and the United Arab Emirates Gala evening with exciting guest speakers at the Hotel Adlon Night of the European Economy at the Museum for Communication

4 Zeit für eine Revolution. ø Unite. Nie wieder Einzeltarife. Ein individueller Preis für Ihr gesamtes Unternehmen. Minuten-, SMS- und Datenkontingente flexibel nach Ihrem Bedarf definieren. Ein System, so intelligent wie keines zuvor. ø Unite. ø Business Mehr unternehmen. Jetzt 3 Monate kostenlos testen* o2unite.de Telefónica Germany GmbH & Co. OHG, Georg-Brauchle-Ring 23 25, München *Bei O 2 Unite greifen alle Mitarbeiter eines Unternehmens auf vom Unternehmen festgelegte Kontingente für nationale und internationale Gesprächs-, SMS- und Datenvolumina (= Pools) zu. Mit Beginn der Try&Buy-Phase schließt der Kunde einen Vertrag mit einer Mindestvertragslaufzeit von 27 Monaten ab. Während der ersten 3 Monate (Try&Buy) werden die monatlichen Grundgebühren der gebuchten nationalen Voice-, Data- und SMS-Pools zu 100 % rabattiert, für eine etwaige Überschreitung der monatlichen Volumina dieser Pools entstehen keinerlei Kosten. Die Rabattierung im Rahmen von Try&Buy gilt nur für das initial ausgewählte nationale Poolportfolio. Eine Anpassung der Poolvolumina ist für alle nationalen und internationalen Pools bis zum Ende der Try&Buy-Phase jederzeit möglich. Während der Try&Buy-Phase nicht genutzte monatliche Pool Volumina der nationalen Try&Buy-Pools stehen im Folgemonat nicht zur Verfügung. Erst nach Abschluss der Try&Buy-Phase werden nicht genutzte Kontingente der nationalen Pools auch auf den Folgemonat zur weiteren Nutzung übertragen. Neukunden können vor Ablauf der Try&Buy-Phase einen Wechsel in das O 2 Business-Tarifportfolio mit mindestens 24 Monaten Mindestlaufzeit zu den jeweils aktuellen Geschäftskunden-Konditionen beauftragen. Der Wechsel in subventionierte Hardware-Tarife im O 2 Business-Portfolio ist ausgeschlossen. Ein Wechsel ist nur einheitlich mit allen SIM-Karten des Kunden möglich. Die Pool Packs enden nach dem Wechsel automatisch. Während der Try&Buy-Phase ist die Kündigung von O 2 Unite Tarifen nicht möglich.

5 Kurt Kister Editor in chief Süddeutsche Zeitung The Süddeutsche Zeitung Economic Summit Rethinking the Economy: The Power of Innovation Dear ladies and gentlemen, I warmly invite you to attend the Süddeutsche Zeitung s Economic Summit, Germany s major economic congress, which this year is being held for the eight time from November Once again we will be convening at the Hotel Adlon in Berlin with an expected attendance of 300 representatives from business and politics. Our theme this year is: Rethinking the Economy: The Power of Innovation, in other words, the motor force of successful business: the courage to change, the courage to embrace the new. The digital revolution is bringing about widespread change: in our work, our actions, our cooperation, our decision making paths, our entire life. As editor-in-chief of a newspaper which is also facing up to these changes, actively working to shape them, I know what I am talking about. However, what does the digital revolution mean for your company? How is it changing the economy as a whole? And what policy framework are governments providing? These are the issues we want to discuss with you together with more than 30 prominent speakers from Germany, Italy, France and the USA, with heads of corporations and family-owned companies, startup founders and leading politicians. Speakers at the Süddeutsche Zeitung s Economic Summit will include the President of the Eurogroup Jeroen Dijsselbloem, Finance Minister Wolfgang Schäuble, President of the Federal Bank Jens Weidmann and the new head of the DGB Reiner Hoffman. We have also received confirmation from top managers such as Joe Kaeser (Siemens), Carsten Spohr (Lufthansa), Martin Blessing (Commerzbank), Peter Terium (RWE), Rupert Stadler (Audi), Olaf Koch (Metro), Christophe de Margerie (Total), Mario Moretti Polegato (Geox) and the head of Google Germany Philipp Justus. Furthermore, this year s congress will see more women on the podium than ever, including the book retailer Nina Hugendubel, the head of Gruner+Jahr Julia Jäkel, the neuroscientist Tania Singer, and Emma Marcegaglia, the President of the European industry association Business Europe. On the following pages you will find out more about our exciting, three-day programme. For the first time it is now possible to book attendance at the congress for just one day should your schedule be too busy for a longer visit. Further speakers will be added. To keep up to date simply take a regular look at our website where you can subscribe to our newsletter. The Süddeutsche Zeitung has set itself the goal of providing you, our readers and friends, with information, background material, and analysis that you will find nowhere else. We also pursue this goal with the Economic Summit in Berlin. As editor-in-chief I look forward to greeting you in Berlin. Kurt Kister 5 Editorial

6 The Süddeutsche Zeitung Economic Summit Germany s Major Economic Summit: Meet the Most Important Entrepreneurs and Politicians

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8 The Süddeutsche Zeitung Economic Summit A Compact Three-Day Event in the Capital: Discuss the Issues that Move the Economy

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10 The Süddeutsche Zeitung Economic Summit More than a Congress: Enjoy Exclusive Evenings at Special Locations

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12 12 Programme Programme

13 Wednesday November 26, Registration of participants at the Hotel Adlon (also possible at any time throughout the congress) From Pre-congress reception Get-together and congress warm-up for early arrivals in the Hotel Adlon s Wintergarten Programme Dresscode: Business

14 Thursday November 27, Programme Welcome Kurt Kister / Süddeutsche Zeitung Opening speech followed by discussion Jean-Claude Juncker / Designated President of the EU Commission * Introduction to the congress Why Innovation is so Important Panel 1: Greater Innovation, Speed and Digitalisation is the USA Leaving Europe Behind? Why is the European economy s recovery so slow? What do the Americans do better? Is our industry slowly bleeding to death? What must business and politics do to make Europe more innovative? Marc Beise, Ulrich Schäfer / Süddeutsche Zeitung Tim Clark / Emirates Ulrich Grillo / BDI Emma Marcegaglia / Business Europe Christophe de Margerie / Total Martin H. Richenhagen / AGCO Lunch break Panel 2: The Economy 4.0 How Digitalisation is Changing Every Company How virtual are the companies of the future? What revolution will the Internet of things bring about? What does the digital revolution mean for classical industry? Do companies and employees have to be even more flexible in the digital age? Cross-examination: Change of Management What Does it Mean for a Company? And What Does it Mean for the Newcomers? Frank Briegmann / Universal Music International Karl Haeusgen / HAWE Hydraulik Reiner Hoffmann / DGB Carsten Spohr / Lufthansa Coffee Break

15 16.45 Panel 3: Unleashing Creativity the Culture of Innovation How do companies create room for new ideas? Does innovation come from above or below? What is to be done when innovative forces encounter resistance? What can we learn from other countries? Where are they better? End of the first day of the congress Reception in the ballroom foyer Gala dinner and talk round with guests from culture, sport and science in the ballroom of the Hotel Adlon Dresscode: Business Benoît Battistelli / President of the European Patent Office Saskia Biskup / Cegat; recipient of the EU Commission s Women Innovators prize 2014 Roland Berger / Roland Berger Strategy Consultants Mario Moretti Polegato / Geox Julia Stoschek / art collector and patron Françoise Wilhelmi de Toledo / clinic director and therapeutic fasting expert 15 Programme

16 16 Friday November 28, 2014 Programme 9.00 Keynote speech followed by discussion: The Women s Quota What Does it Bring? 9.40 Panel 4: Trade 4.0 How the Internet is Changing Business Stationary trade and online shopping who wins? How much advice do customers still need? How can retailers use information about their customers? To what extent does the smartphone shape the shopping of the future? Coffee break Panel 5: Change Management the Art of Leadership Initiating change how does it work? Overcoming the crisis how does one create new models? Convincing employees - what is required? Management as role model what is important? Cross Examination How safe is our money? Manuela Schwesig / Federal Family Minister * Julia Bösch / Outfittery Thorsten Dirks / Telefónica Nina Hugendubel / H. Hugendubel Olaf Koch / Metro Paul Achleitner / Deutsche Bank Verena Delius / Fox & Sheep Heinrich Hiesinger / Thyssen-Krupp Julia Jäkel / Gruner+Jahr Jens Weidmann / German Federal Bank Lunch break Keynote speech followed by discussion: Tax, Debt, Euro What Next? Wolfgang Schäuble / Federal Minister of Finance

17 14.55 Panel 6: People Instead of Markets Do we Need an Economic Rethink? Have we believed in the perfect market for too long? Do we really act as rationally as economists have always claimed? What do the new economic models look like and what does this mean for the economy and businesses? What can we learn from the financial crisis? Coffee Break Panel 7: The Networked Car What does the car of the future look like? Google and the car industry who has the better concepts? The car as digital data centre what does this mean? The transparent car driver what legal problems are there? End of the second day of the congress The Night of the European Economy at the Museum for Communication with a dinner speech from a leading politician (last year: the Italian Prime Minister Enrico Letta; in past years: Peer Steinbrück, Valery Giscard d Estaing) Jörg Asmussen / Federal Ministry of Employment Wolf Schumacher / Aareal Bank Tania Singer / Max-Planck Institute for Human Cognitive and Brain Sciences Dennis Snower / Institute for the World Economy Philipp Justus / Google Germany Bernd Mattes / Ford Germany Daniela Mielchen / Lawyer for traffic law Rupert Stadler / Audi 17 Programme Dresscode: Business

18 Saturday November 29, Programme 9.30 Keynote speech followed by discussion: How Innovative are Central Banks Allowed to Be? Panel 8: Banking 4.0 What Changes Does it Face in the Digital Age? And What Does this Mean for Companies? Do we still need banks with their own branches? Will corporate loans also be granted over the Internet in future? How must banks change their processes? What do companies expect from their credit institute? Coffee Break Panel 9: Where is the Energy Turnaround Going? Who wins and who loses? Are the energy providers really ready to change? The energy turnaround an innovation driver? What do the global crises mean for our energy supply? Keynote speech followed by discussion: When Will Europe Escape the Debt Crisis? Summary of the Congress: The Most Important Lessons for Innovative Companies Closing lunch Sabine Lautenschläger / ECB Martin Blessing / Commerzbank Christian Grobe / Zencap Baudouin Prot / BNP Paribas Martin Reitz / Rothschild Oliver Hermes / WILO Peter Terium / RWE Joe Kaeser / Siemens Jeroen Dijsselbloem / President of the Eurogroup Marc Beise, Ulrich Schäfer / Süddeutsche Zeitung * to be confirmed The programme is subject to changes and additions. Information on the confirmation of further speakers can be found on the website

19 1 2 3 Congress moderators and managers 1 MARC BEISE, born in 1959 in Mainz, has been working for Süddeutsche Zeitung since He joined the newspaper as deputy business editor and in 2007 went on to be chief editor of this department, together with Ulrich Schäfer. He started his career as a journalist at the Offenbach-Post, where he was last responsible for politics, economics and news topics. After this, he worked as chief business editor of the Handelsblatt. He studied law and economics at Frankfurt, Lausanne and Tübingen and wrote his PhD thesis on the World Trade Organisation. He has published four books: Deutschland falsch regiert? (2006), Ausplünderung der Mittelschicht (2009), Viel Geld haben (2010), Lang lebe der Euro! (2012). 3 ULRICH SCHÄFER, born in 1967 in Telgte, has been working for SZ since 2003, originally as deputy editor of the parliamentary office in Berlin. From 2007 to 2010 he was head of the economics department, together with Marc Beise, and went on to become managing editor of SZ s twelve regional editions. Since May 2013 he has again been chief business editor. He commenced his career as a journalist at the Münstersche Zeitung, and later worked for the SPIEGEL magazine as business editor. He studied economics in Münster and has published two books: Der Crash des Kapitalismus (2008 and Der Angriff Wie der islamistische Terror unseren Wohlstand sprengt (2011). 19 Congress moderators 2 KURT KISTER, born in 1957 in Dachau, has been working for SZ for more than 30 years first in the Dachau editorial office and then, after graduating from the German Journalists College, as reporter for security and defence in home affairs, as Page 3 editor, as correspondent in Washington and as chief foreign affairs editor. In 1998, he was appointed managing editor of the main German office, first in Bonn, and later in Berlin. In 2005 he was promoted to deputy chief editor and in 2011 to editor-in-chief. He studied history, politics and communication and has been awarded the Henri-Nannen Prize and the Wächter Prize.

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21 Speakers Introducted to you by authors of Süddeutsche Zeitung

22 Speakers 1 Paul Achleitner Austrians are often said to have strong diplomatic skills, and as Chairman of the Deutsche Bank s Supervisory Board he could certainly use them. After all, the financial institution has an array of sensitive issues to resolve. Before transferring to the Deutsche Bank in 2012 he was Chief Financial Officer of the insurers Allianz and head of the US investment bank Goldman Sachs in Germany. Andrea Rexer 2 Jörg Asmussen Born 1966, Jörg Asmussen is responsible for International and European Relations at the ECB and never misses a major Eurozone summit. He and ECB President, Mario Draghi, represent the increased power of the currency protectors after the financial crisis. Although a member of the SPD, Wolfgang Schäuble (CDU)appointed him as state secretary in Before this, he held top positions under three SPD Ministers. Markus Zydra 3 Benoît Battistelli He is French, however he has lived in Munich since 2010 where he heads the European Patent Office, an agency with 7,000 patent examiners. His career is typically French: attending the elite ENA school before rising to become a top official for foreign affairs and ministerial administration. His last post was as head of the French Patent Office. Ulrich Schäfer 4 Roland Berger born 1937 in Berlin, is one of the best known figures in the German business world. The name of this talented networker has become a brand. As a student, he started up a laundry in Munich. He learned the ropes as a consultant in Milan and eventually became Germany s leading light in this field. His eloquent manner and distinguished appearance make him a popular guest at parties and TV talk shows. Karl-Heinz Büschemann 5 Saskia Biskup In 2009 the double doctor of medicine, bioinformatics specialist and excellent tennis player decided to take the expensive, high speed gene analysis out of the universities and put it into practice: She founded the company Cegat, which examines dozens of genes in parallel, enabling rapid, tailor-made therapies, for example for tumours. She now has a staff of 60 and has been awarded the EU Commission s Women Innovators Prize. Max Hägler 6 MARtin Blessing Born into a banking family in Bremen in 1963, the business administrator and Commerzbank CEO began his career at the consulting firm McKinsey. A member of the Board of Directors since 2001, he was made chairman in During the financial crisis he helped steer the state supported Commerzbank back onto a safe course. Markus Zydra

23 Speakers 7 Julia Bösch While still at school she knew that she would found her own company one day. Nevertheless, following her studies in Munich she initially took a job at Zalando. On her first day at work for the online retailer she met her business partner and two years later they set out to conquer the male dominated world. The two women now head Outfittery, a digital assistant for reluctant shoppers. Varinia Bernau 8 Frank Briegmann originates from Westphalia and studied in Münster. He started his career at Bertelsmann before becoming the youngest CEO of a major label in Germany in 2004, at the tender age of 36. He is now Chairman and CEO of Universal Music Deutschland. With headquarters in Berlin, the company markets not only international stars, but also popular German artists such as Sportfreunde Stiller and Helene Fischer. Ulrich Schäfer 10 Verena Delius likes to laugh especially about her own jokes, she admits. But she is just as outspoken about things that are not so funny. For example about the question of why there are so few start-ups in Germany. She herself has founded several companies since quitting her job at the Munich Re insurance group. She is now managing director and founder of Fox & Sheep, a company providing family-friendly apps and online games. Varinia Bernau 11 Jeroen Dijsselbloem In 2013, when Wolfgang Schäuble, the Federal Minister of Finance, announced the social democrat as his candidate of choice for president of the Eurogroup, there was much consternation. However, the Dutchman born in Eindhoven in 1966, quickly dispelled any doubts. Well structured and with an emphasis on results, he has successfully led the meetings of the finance ministers from the 18 Euro countries. Cerstin Gammelin 9 Tim Clark A member of the Emirates founding team, he is now one of the most powerful men in the airline industry. His words carry weight, after all, since becoming acting head of Emirates in 2003 he has ordered over 90 Airbus A380s, and is also one of Boeing s most important customers. His airline has even unsettled Lufthansa to the extent that they have advocated removing Emirates air traffic rights. Jens Flottau 12 Thorsten Dirks

24 Speakers 13 Ulrich Grillo sat next to Barack Obama as the US President dined with the German Chancellor. The industrialist (zinc and chemicals) and new head of the Federation of German Industries (BDI) stands out in a crowd with his slim figure and perfect styling. He shies no conflict (from property tax to the turnaround in energy policy) and does not mince his words on these subjects. This man is tailor-made for his present office. Thomas Öchsner 14 Christian Grobe He started his career as a project manager for McKinsey, the consulting company that has produced droves of managers for other companies. Since spring 2014 he has worked for the startup Zencap, a company providing a credit marketplace for medium-sized companies, mediating between numerous financiers and small and medium-sized businesses in search of a loan. Behind Zencap is the Samwer brothers Internet holding Rocket. Ulrich Schäfer 15 Karl Haeusgen His company produces hydraulic components, as used but not exclusively in semi-automatic camel washing facilities. However, the man is capable of more than one would expect from a mechanical engineering entrepreneur. He can also recite poems, having inherited his passion for literature from his mother who founded the Lyrik-Kabinett in Munich. Elisabeth Dostert 16 Oliver HErmes A partner at the auditors KPMG he subsequently switched to industry to WILO, a major medium-sized company specialising in energy efficient pumps. Chief financial officer for four years, he has headed the company with its circa 7,000 employees since His goal: the continued international expansion of Dortmund-based WILO with its presence in over 70 countries worldwide Ulrich Schäfer 17 Heinrich Hiesinger In 2011, as head of Thyseen-Krupp, he took on one of the most difficult tasks in German industry. The doctor of engineering prescribed the concern a thoroughgoing cultural transformation, drawing inspiration from his former employer Siemens, where the father of four rose to the Corporate Executive Committee within the space of 15 years, finishing as head of the industrial division. Kirsten Bialdiga 18 REINER HofFmann His father was a bricklayer, his mother a cleaning lady. He rose from being an apprentice at Hoechst via second-chance education to become the new head of the German Trade Union Confederation (DGB). A model curriculum vitae for a worker s leader. However, the SPD member hasn t succumbed to black and white thinking. The economist wants to recruit more high earners to the trade unions a long road, even for a long distance runner. Thomas Öchsner

25 Speakers 19 Nina Hugendubel She visits one of her shops at least once per week, checking the product range, the presentation, and talking to customers. Together with her brother Maximilian, the trained bookseller has run one of Germany s largest bookstore chains since Not an easy task at a time when Internet retailing and the increasing attractiveness of e-books are making life increasingly difficult for the classic book trade. Caspar Busse 20 Julia Jäkel Since taking over the Executive Committee of Gruner+Jahr, the 42 year old has reorganised Europe s largest magazine publishers streamlining across the board: With the exception of Capital the financial magazines have been sold and the majority of the Munich-based titles transferred to the headquarters. Hard decisions which have not just earned her applause. As the native of Hamburg once stated, executives must crave responsibility. Kristina Läsker 21 Philipp Justus His job is to explain to businesses which terms people type into search engines and how to insert adverts around them. He is responsible for the Google Internet company s business in the German-speaking world and that is based above all on advertising. He joined Google in June 2013 from the online marketing company Zanox, having previously worked for the online marketplace ebay for ten years. Varinia Bernau 22 Joe Kaeser is Chief Executive Officer of Siemens since the beginning of August The 56 year old, who grew up in the Bavarian Forest as Josef Käser, started work for the Munichbased concern in 1980 and quickly made a career. He was appointed Chief Financial Officer in 2006, and thus the most powerful man behind the scenes. With the surprise fall of Peter Löscher, Kaeser was appointed his successor by the Supervisory Board. Caspar Busse 23 Olaf Koch On taking over Metro in 2012 at the age of 41 he was the youngest head of a Dax concern. At Daimler, where the graduate business administrator began his career in 1994, he rose to the Mercedes Car Group s Executive Committee by the age of 32. From 2007, at the financial investors Permira, he took a first close look at trading issues, and two years later the father of three switched to Metro initially as Chief Financial Officer. Kirsten Bialdiga 24 Sabine Lautenschläger As Director of the European Central Bank the jurist is responsible for the establishment of the new European banking regulator. The 50 year old knows a lot about this, having begun her career in 1995 at Germany s former financial regulation institute Bafin. In 2011 she took on the post of Vice President of the German Federal Bank and in 2014 she joined the ECB. Sabine Lautenschläger is married with one daughter. Alexandra Rexer

26 Speakers 25 Emma Marcegaglia Emma Marcegaglia was chosen by the Financial Times as one of the Top 50 Women in World Business in 2010, not just due to the fact that the daughter of a steel manufacturer from Northern Italy was head of the Italian Employers Federation Confindustria at the time, but also because she puts her fame to good use, making frequent appearances on Italian television, and having a strong say in Italian politics. Thomas Fromm 26 Christophe de Margerie has held the dual position of Chairman and Chief Executive Officer of the French oil company TOTAL since The man with the eye-catching moustache is related to the Taittinger champagne dynasty, but has worked for TOTAL since his graduation in He is one of the fifteen French company heads who at the end of 2011 said they would be prepared to pay higher taxes. Michael Kläsgen 27 Bernhard Mattes Anyone whose father is manager at VW and was born in Wolfsburg is predestined for a career in the mobility field. After obtaining a degree in economics, Bernhard Mattes started to work at BMW in years later he moved to Ford in Cologne, where he was initially responsible for Marketing and Sales. He has been Chairman, Ford of Germany since Mr. Mattes, father of 2 daughters, is a loyal fan of 1. FC Köln. Thomas Fromm 28 Daniela Mielchen A lawyer for traffic law in Hamburg and an expert for legal issues around the theme of the networked car, she sounds a note of caution with respect to the rapid technological developments. Above all she sees a need for greater regulative control in the area of data collection what data is it permissible to collect and who ultimately has access to this sensitive material. Thomas Fromm 29 Mario Moretti Polegato Polegato had his future carved out for him when he was born in Veneto, Italy in 1952: his family was in the wine business. Then, one hot day, on a trip to the USA, he cut holes in his shoes to air them and Geox was born. He tried to sell his idea of shoes with soles that could breathe to various shoe manufacturers. They were not interested, so in 1995 he founded his own shoe company, which went public in Thomas Fromm 30 Baudouin Prot has been Chairman of the Board of Directors of BNP Paribas since December 2011, and before that was CEO of this French banking group. Discrete, unobtrusive but forceful and with an analytical mind this is how France s probably most influential banker appears in public. He has pressed ahead with his bank s expansion in Europe and would like to bolster its influence in Germany, too. Michael Kläsgen

27 Speakers 31 Martin Reitz At first glance, one may take him for reserved, but the first impression is deceptive: there is hardly another banker in Frankfurt who is able to formulate his ideas as clearly and analytically, razor sharp, when talking about the financial industry. Martin Reitz studied at the elite university of Stanford among others and earned a PhD on the subject of game theory. Since 2009, he has headed the privatebank of Rothschild steeped in tradition in Germany. Alexandra Rexer 32 Martin H. Richenhagen does not mince his words, and if need be, will even criticise the President of the USA. The head of US agricultural equipment concern AGCO, which includes German tractor manufacturer Fendt, is of the opinion that Barack Obama doesn t understand much about the economy. Mr. Richenhagen, who was born in Cologne in 1952 meets Obama every now and then and is one of the few Germans to head a US company. Silvia Liebrich 33 Wolfgang Schäuble He headed the Chancellery and was Federal Minister for the Interior, was Chairman of the CDU and chief negotiator for the Unification Treaty with the GDR. He could have been Chancellor, even Federal President, but it wasn t to be. Then, after four decades in the Federal Parliament longer than anyone else Angela Merkel appointed him Finance Minister. Since then he has been a passionate defender of the Euro. Ulrich Schäfer 34 WOLF SCHUMACHER started his career in Munich at the Bayerische Hypotheken- und Wechselbank, later merged into the Hypo- Vereinsbank. He remained true to the savings bank sector, becoming chairman of Deutsche Genossenschafts-Hypothekenbank and deputy chairman of VR Immobilien AG. Since 2005 he has been CEO of Aareal Bank and is proud that the international property specialist survived the financial crisis so well. Ulrich Schäfer 35 Tania Singer She is actually a neuroscientist and works as Director of the Max Planck Institute for Human Cognitive and Brain Sciences in Leipzig. However, she has always taken an interest in other sciences and most recently in the economy. Together with the economist Dennis Snower who she met at the World Economic Forum in Davos, she has explored new approaches to the economic sciences. Ulrich Schäfer 36 Dennis Snower The quintessential bridge builder, the American has been at the forefront of promoting networked thinking between the disciplines in Kiel. His credo: The individual must be at the centre of the activities of the economic sciences. That is why the economist, born in 1950, has formed alliances with psychologists, neuroscientists and climate researchers. President of the Institute for the World Economy since 2004 and hobby poet. Melanie Ahlemeier

28 Speakers 37 Carsten Spohr The favourite to succeed Christoph Franz as head of Lufthansa, he had to wait around six months before the supervisory board finally made their decision. In office since May 2014, he now has to prove that he is quicker than his overseers and capable of reforming Lufthansa which includes finding an answer to the growing competition from the Arab region. Jens Flottau 38 Rupert Stadler Sooner or later his predecessors at the top of Audi went on to head VW for example Ferdinand Piech and Martin Winterkorn. Whether the native of Upper Bavaria also feels the pull of Wolfsburg? The youthful manager, son of a farmer from the district of Eichstätt, prefers a good cigar and discussing how he will turn the Ingolstadt-based car maker into the world s most successful premium manufacturer. Thomas Fromm 39 Julia Stoschek She originates from a family of entrepreneurs and is a shareholder in the automotive supplier Brose. However, she never wanted to be just an heiress. The business administration graduate did her own thing, with passion. She collects media art exhibiting them in a listed factory building in Düsseldorf. She had to fight for the respect of the art scene, precisely because she is an heiress a battle she has long since won. Elisabeth Dostert 40 Peter Terium is a great music fan and has been CEO of Germany s second-largest energy company, RWE, since mid Asked what music Germany s energy turnaround is playing at the moment, the native Dutchman replied The debate reminds me of the modern sounds of Arnold Schönberg. The composer invented the music himself with a concept that is neither sharp nor flat. His conclusion: Very trying on the nerves. Markus Balser 41 FranÇoise Wilhelmi de Toledo She loves to eat however, she likes fasting almost as much, which is why she has made a career out of it, or more precisely, therapeutic fasting. Together with her husband she runs two clinics, one in Überlingen and one in Marbella in Spain, offering patients new approaches through therapeutic fasting and integrative medicine. Buchinger-Wilhelmi is a successful family-owned company in the fourth generation. Ulrich Schäfer 42 Jens Weidmann In public, the Bundesbank President born in Solingen in 1968 seems rather reserved, but Jens Weidmann can be uncompromising in his job. Both his colleagues in the Governing Council of the ECB and the German government have first-hand experience of this. Weidmann, who formerly advised Angela Merkel on economic matters, would like to curtail both ECB bail-out measures and government borrowing. Markus Zydra

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