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Mar 31, 2002

Stuck in the middle

Germany's new corporate governance code was never going to please everyone

It's known as being stuck between a rock and a hard place. If Gerhard Cromme did not have prior knowledge of the expression then the last few weeks have surely made him aware of the unpleasant nature of the position to which it refers.The ThyssenKrupp chairman published his code of conduct for German companies at the end of February and its contents reflect the fact that he had his options squeezed from both sides throughout the six-month process. Not a pretty thought. Much of the trouble

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