The inconsistencies at Signa are increasing. However, this should neither lead to excessive regulation nor to negative sentiment against entrepreneurs.
What many observers have been expecting for a long time has now happened. The management of Signa Holding must give up power; the restructuring process will in future be led by the restructuring manager. The triggering reason was that, due to the insolvencies of the most important holding subsidiaries, the short-term schedule for self-administered restructuring could no longer be adhered to. But there was skepticism among creditors about continuing to trust the company’s management.
René Benko also gave up his power, and there is only indirect information about his whereabouts. According to Signa investor Hans Peter Haselsteiner, Benko is “desperate” and is fighting for his life’s work. The investor demands that the Signa founder must face his responsibility and de facto confirms the legally significant role of the “de facto managing director” at Benko. At the same time, despite his losses, the contractor doesn’t say a bad word about him. At least in public.
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