A Steinhoff International Holdings NV logo sits on display outside the company's offices in Stellenbosch, South Africa, on Wednesday, Aug. 17, 2016. Acquisitions including Pepkor Holdings Pty Ltd. and French furniture chain Conforama France SA have transformed Steinhoff International Holdings NV, which employs 90,000 people and has more than 6,500 stores in 30 countries from the U.K. to Australia. Photographer: Waldo Swiegers/Bloomberg
Boardroom Talk
Boardroom Talk – Agony of Steinhoff shareholders finally over after Dutch court sounds death knell
Unfortunately, yesterday marked the demise of any remaining hope for Steinhoff shareholders who had been clinging to the possibility of a miracle.
By Alec Hogg
A quarter century ago, when I had the privilege of working closely with my former mentor Dr. Danie Cronje, he bestowed numerous valuable lessons. However, none were as significant as his insistence on the importance of travel, particularly international trips which he likened to obtaining a fresh university degree.
Over the years, I have heavily relied on this advice, opting to embark on flights even when staying home would have been more convenient. Specific examples are my annual visit to Davos, as well as the pilgrimage to Omaha for the Berkshire Hathaway event, until it became available through a live webcast.
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