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It could pay cash, use debt
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Steinheist

It could pay cash, use debt, or it could issue its ownshares as compensation

It could pay cash, use debt, or it could issue its own
shares as compensation

Full Transcript

00:00:01.000 --> 00:00:03.719
It could pay cash, use debt,
00:00:03.072 --> 00:00:07.044
or it could issue its own shares as compensation.
Duration
7 seconds
Views
23
Timestamp in Movie
00:24:09
Uploaded
Apr 29, 2025
Season
1
Episode
1
Genres
documentary, crime
Production
IdeaCandy

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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...
S01 • E01 Those who receive these shares - Steinheist 00:07
Those who receive these shares
S01 • E03 It was a deal that didn't stand up to scrutiny - Steinheist 00:07
It was a deal that didn't stand up to scrutiny
S01 • E01 It's a cheap way of doing business, especially if the share price is high. - Steinheist 00:06
It's a cheap way of doing business, especially if the s...
S01 • E02 I don't want to sound like a goody two shoes, but that's a no-no. - Steinheist 00:07
I don't want to sound like a goody two shoes, but that&...
S01 • E03 At face value, it makes sense to say no one would enter into a transaction - Steinheist 00:11
At face value, it makes sense to say no one would enter into...
S01 • E02 I mean, for a CEO to have an affair - Steinheist 00:08
I mean, for a CEO to have an affair
S01 • E01 As long as the value of those Steinhoff shares keeps going up, - Steinheist 00:07
As long as the value of those Steinhoff shares keeps going u...
S01 • E01 But if the shares should lose value by 97%, in Steinhoff's case, - Steinheist 00:12
But if the shares should lose value by 97%, in Steinhoff...
S01 • E02 I fired at least two senior executives because of that. - Steinheist 00:07
I fired at least two senior executives because of that.
S01 • E03 I do think, though, that people sometimes enter transactions - Steinheist 00:07
I do think, though, that people sometimes enter transactions
S01 • E02 Because you lose the trust of the people that report to you. - Steinheist 00:07
Because you lose the trust of the people that report to you.
S01 • E03 It pushes the envelope when it comes to tax rules, - Steinheist 00:15
It pushes the envelope when it comes to tax rules,
S01 • E02 of 40 odd years every day, why wouldn't he lie to me? - Steinheist 00:10
of 40 odd years every day, why wouldn't he lie to me?
S01 • E01 We will continue to follow the developments of what has been dubbed - Steinheist 00:08
We will continue to follow the developments of what has been...
S01 • E03 I never could believe that these figures were coloured. Never. - Steinheist 00:05
I never could believe that these figures were coloured. Neve...
S01 • E01 I was then called to another meeting - Steinheist 00:11
I was then called to another meeting
S01 • E03 Our business style was to have top people and to believe top people. - Steinheist 00:06
Our business style was to have top people and to believe top...
S01 • E02 If the guy jumps the fence once or twice, yeah, you can... - Steinheist 00:05
If the guy jumps the fence once or twice, yeah, you can...
S01 • E03 I never was in these meetings because the finance department was not my job. - Steinheist 00:07
I never was in these meetings because the finance department...
S01 • E02 But when he starts an affair, he goes to the same address all the time, - Steinheist 00:09
But when he starts an affair, he goes to the same address al...