Leica User Forum - View Single Post - Leica article (short): need GOOD English translation

starwatcher · May 6th, 2008, 07:04 PM

Hi Jimmy,

in a summary: Leica again in crisis for the actual business year as a result of mismanagement by Steve Lee. After a short period of recovery Leica will show minor earnings only versus 170MM Euro slightly increased business volume as per fiscal year end (eo March 08).
For the first half year (2007/2008) result was 6.5MM Euro. Losses are expected for the actual business year.
Lee annoyed dealers, unsettled customers, called his subordinates "fu***ing people" etc etc. Dealers had been informed that Leica intended to proceed without them.
On Feb 19th Lee had to withdraw immediately, succeeded by Kaufmann...

That's it... no real news, standard allegations, some kind of retaliation by the German Manager Magazine...

Hope this good ENOUGH

best - Klaus

May 6th, 2008, 07:04 PM	#2 (permalink)
starwatcher Moderator Join Date: February 21st, 2005 Location: Rheinprovinz (Preussen) Posts: 1,916	AW: Leica article (short): need GOOD English translation Hi Jimmy, in a summary: Leica again in crisis for the actual business year as a result of mismanagement by Steve Lee. After a short period of recovery Leica will show minor earnings only versus 170MM Euro slightly increased business volume as per fiscal year end (eo March 08). For the first half year (2007/2008) result was 6.5MM Euro. Losses are expected for the actual business year. Lee annoyed dealers, unsettled customers, called his subordinates "fu***ing people" etc etc. Dealers had been informed that Leica intended to proceed without them. On Feb 19th Lee had to withdraw immediately, succeeded by Kaufmann... That's it... no real news, standard allegations, some kind of retaliation by the German Manager Magazine... Hope this good ENOUGH best - Klaus