In the months after the crash, Steinhoff was scrambling hardto figure out how to survive....
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In the months after the crash, Steinhoff was scrambling hard
to figure out how to survive. For a few days, Christo Wiese
took the reins as acting CEO but soon resigned entirely from
the board when it became clear that he was going to sue the
company for what he lost. Heather Sonn is then appointed
as chair of Steinhoff to, I suppose,
clean the thing up. She had a formidable track record working
in New York and various other places, and as an investment banker she
knew her way around finance
to figure out how to survive. For a few days, Christo Wiese
took the reins as acting CEO but soon resigned entirely from
the board when it became clear that he was going to sue the
company for what he lost. Heather Sonn is then appointed
as chair of Steinhoff to, I suppose,
clean the thing up. She had a formidable track record working
in New York and various other places, and as an investment banker she
knew her way around finance
Full Transcript
00:00:01.000 --> 00:00:02.359
In the months after the crash,
00:00:02.036 --> 00:00:05.036
Steinhoff was scrambling hard
to figure out how to survive.
00:00:06.000 --> 00:00:09.439
For a few days, Christo Wiese
took the reins as acting CEO
00:00:09.044 --> 00:00:11.959
but soon resigned entirely from
the board when it became clear
00:00:11.096 --> 00:00:14.092
that he was going to sue the
company for what he lost.
00:00:14.921 --> 00:00:18.239
Heather Sonn is then appointed
as chair of Steinhoff
00:00:18.024 --> 00:00:21.012
to, I suppose,
clean the thing up.
00:00:22.096 --> 00:00:27.001
She had a formidable track record working
in New York and various other places,
00:00:27.998 --> 00:00:29.008
and as an investment banker she
knew her way around finance.
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Movie Summary
The biggest corporate scandal in South African history, the fall of Steinhoff led to a loss of R200 billion. Steinheist untangles the story: the investors who were taken in; the victims and the CEO, Markus Jooste, who's still a fr...
