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He was named CEO of Axel Springer in January 2002; his pay package for that position has not been disclosed. To qualify for the tax exemption, for the next seven years, payroll expenses at Axel Springer cannot decline, business assets and equity shares cannot be sold, and no withdrawals can be made that exceed profits and capital contributions, says tax lawyer Schubert. Somit gibt es auch in SDAX einen Wechsel: die INSTONE REAL EST.GRP O.N. Support der Product Owner beim Ticketing im Produkt Backlog von welt.de und WELT-Apps, immatrikulierter Student im Studiengang Journalismus, Betriebswirtschaftslehre, Medienmanagement, Wirtschaftskommunikation oder anderen, vergleichbaren Studiengängen. Media Impact GmbH & Co. KG – als Vermarkter von Axel Springer und ausgewählten Mandanten, arbeiten wir täglich leidenschaftlich daran, unseren Kunden die optimale Bühne für ihre Werbebotschaft zu bieten. Die WeltN24 GmbH macht unter der Marke WELT journalistische Angebote für alle relevanten Informationsplattformen. I joined Forbes in May 2019. When KKR bought 47.6% of the firm for $3.8 billion in April, taking Axel Springer off the Frankfurt stock exchange, Friede Springer’s 42.6% stake was worth $3.4 billion (€2.9 billion). But if you’re willing to hand over a billion dollars worth of company stock, a smooth succession can, it would seem, be easily achieved. 12.02.2021 Press Releases . The CEO of Axel Springer AG, Mathias Döpfner, congratulates Friede Springer on her 75th birthday. The digital media activities contribute more than 60% to its revenues and nearly 70% to its EBITDA. Dafür nutzen wir die crossmediale Power der Axel Springer Marken wie zum Beispiel BILD, Welt und Business Insider. Dahinter steht eine Redaktion, die dem Qualitätsjournalismus verpflichtet ist. Add to watchlist. Company . Döpfner would in this scenario give information to the tax authorities on his properties and valuable assets (excluding the Axel Springer stake) to be taxed at up to 50% of their value. Döpfner received shares worth nearly $1.2 billion, based on the 63 Euro share price that investment giant KKR paid to take Axel Springer private in April. Stefan Bach from DIW Berlin, an economic research institute in Germany agrees, citing the 2016 reform of Germany’s corporate privileges and adding that Döpfner will likely “expend” 50% of his private wealth excluding business assets to pay the tax bill.“The exceeding amount is waived, so the effective tax burden might be rather low,” he says by email. Veränderung ist für uns selbstverständlich. Der Axel Springer Auto Verlag ist eine hundertprozentige Tochter der Axel Springer SE, ein in Europa führendes multimedial integriertes Medienunternehmen mit einer Vielzahl an gedruckten und digitalen Angeboten und Beteiligungen an TV-Radiosendern im In- und Ausland. (DE000A2NBX80) steigt in den Index auf. Axel Springer SE is a German digital publishing house which is the largest in Europe, with numerous multimedia news brands, such as Bild, Die Welt, and Fakt and more than 15,000 employees. September 2019. Unsere Profis texten, layouten, drehen, schneiden und gestalten nach Maß. Testing und (Vor-)Abnahme von neuen Produkt-Features, Unterstützung bei der Beschaffung von Business-relevanten Kennzahlen, Unterstützung bei der Erstellung von Reportings und Produktanalysen sowie Präsentationen, Konkurrenzbeobachtung im Medienumfeld; Marktanalysen, Umsetzung neuer Seiten und Landingpages in den internen Systemen und Tools, Analytische und konzeptionelle Fähigkeiten, Selbstständiges strukturiertes und termingerechtes Arbeiten, Einsatzbereitschaft, Teamfähigkeit, Kommunikationssicherheit, Gute Englischkenntnisse in Wort und Schrift, ein motiviertes Team mit dynamischer Arbeitsweise, ein innovatives und modernes Arbeitsumfeld mit Möglichkeit zum remote Arbeiten und im Office mit Blick auf die Skyline Berlins. Axel Springer SE | 21,166 followers on LinkedIn | Axel Springer is the media and technology company | We empower free decisions. As with many billionaire families (such as the Albrecht dynasty, of Aldi fame, and, most recently, the U.K.’s Barclay brothers), the Springers have encountered struggles in passing on businesses and wealth from those who built the fortune to the younger generation. Um den Lesefluss zu erleichtern, beschränken wir uns im Textverlauf auf männliche Bezeichnungen. If a single one of these criteria is not met, Döpfner’s tax exemption is revoked, he adds. Head of Communications News Media International . In 2012, the founder’s grandson Axel Sven Springer chose the 100th birthday of his grandfather to publish a book on why he had, in his own words, “spent seven years fighting for my inheritance through the courts." Depending on how aggressively he can sidestep the tax bill from his new windfall, Döpfner could eventually join the billionaire ranks as well. Mathias Doepfner, chairman of Springer AG, Friede Springer, deputy chairperson of Springer AG and German Chancellor Angela Merkel. She gave a generous 15% stake to loyal CEO Mathias Döpfner, plus sold him an additional 4.1% of the company, to ensure a “smooth” succession of the empire founded by her late husband into the hands of her CEO. Axel Springer Corporate Solutions ist eine schlagkräftige Full-Service-Agentur. The succession might yet make two billionaires from one fortune. Germany's leading newspaper company and one of Europe's largest media concerns, Axel Springer publishes more than 170 newspapers and magazine titles in more than 40 countries. Last week, in Germany billionaire Friede Springer sliced her 43%, $3 billion dollar stake in German publishing giant Axel Springer in half. Axel Springer SE (AXELF) Other OTC - Other OTC Delayed Price. It generated total revenues of about €3.3 billion and an EBITDA of €559 million in the financial year 2015. The group played a prominent role advocating for the reunification of Germany and championing free-market principles throughout West Germany’s tumultuous post World War II years. He also is unlikely to sell Axel Springer shares, as that would undermine the entire point of the succession plan. Axel Springer is a media and technology company and active in more than 40 countries. Do you have private assets which you could sell in order to pay the gift tax?” [This] “is clearly the case with Döpfner,” Schubert tells Forbes from his residence in the Austrian mountains. Startseite › Company. An Axel Springer spokesperson confirmed there will be no further share sales by Döpfner or Friede Springer, but did not specify a time period. Axel Springer SE: Squeeze-out may be completed . Axel Cäsar Springer (2 May 1912 – 22 September 1985) was a West German conservative media tycoon, founder in 1946 founded of what is now the Axel Springer SE publishing company. Veränderung ist für uns selbstverständlich. spannenden und abwechslungsreichen Tätigkeit. Founded in 1946, Axel Springer is one of the largest publishing houses in Europe, with over 16,000 employees. Although Döpfner is reported to be highly paid across a variety of roles, including a board seat at Netflix, he is not from a historically wealthy family. Wir sind verlässlich, innovativ, schnell und mutig. The operations of the new Ringier Axel Springer Media Switzerland AG are planned to start on January 1, 2016. He climbed the ladder over 22 years at Axel Springer after first working in journalism, with spells as editor-in-chief of Wochenpost in Berlin from 1994 to 1996 and Hamburger Morgenpost from 1996 to 1998, before arriving at Axel Springer SE in 1998 as editor-in-chief of Die Welt. Summary. Der nächste Termin für die planmäßige Überprüfung der DAX-Indexfamilie ist der 4. He explains in Germany “special rules” now prevent large amounts of money from being withdrawn from businesses. Unseren Kunden helfen wir, ihre Zielgruppen mit Medien zu erreichen, die etwas bewirken. Why Mathias Döpfner wants to navigate this enormous tax bill is clear–not every ‘gift’ arrives with a $500 million tax bill attached. Informationen zur Schwerbehindertenvertretung bei Axel Springer sowie die Kontaktdaten findest du hier: career.axelspringer.com/de/ksbv. The two media groups Ringier and Axel Springer are founding a further joint-venture company in which each will hold an equal stake. Axel Springer’s publications include prominent German newspapers Bild and Die Welt, plus New York-based digital news outlet Business Insider. When KKR bought 47.6% of the firm for $3.8 billion in April, taking Axel Springer off the Frankfurt stock exchange, Friede Springer’s 42.6% stake was worth $3.4 billion (€2.9 billion). Market open. Axel Springer SE: Forecast for 2020 fiscal year withdrawn due to Corona crisis . I studied at Goldsmiths. 79.57 0.00 (0.00%) As of February 23 9:45AM EST. Currency in USD. U.S. President Ronald Reagan, Axel and Friede Springer. (DE0005419105) aus dem SDAX-Index nach. That puts taxation in the range of $300 million to $500 million. Axel Springer SE is a publishing company, which engages in the provision of print and digital media, and owns and operates digital classifieds portfolio. They will now be exercised by Döpfner, making the CEO, with 44% voting rights, the second-most powerful shareholder after KKR, which has 47.6%. Succession at a global media empire is a tricky business–the inspiration for popular HBO melodramas, no less. DGAP-Ad-hoc: Axel Springer SE: KKR announces the launch of a public takeover offer on the basis of an Investor Agreement with Axel Springer SE . Mutig, innovationsgetrieben und bereit, aktiv an Veränderungen mitzuwirken? According to a company announcement, she has also given up the voting rights to all of her stock. Notable bylines include an investigation into Switzerland's bi-lateral bonds to the European Union, and a journey through Bhutan - testing the hunger for democracy, and the love for their King. Company Outlook. As of 2016, Mathias Döpfner, chief executive officer (CEO) of Axel Springer SE, had successfully transitioned the German publishing house through a major digital transformation in the world of journalism. Forbes now estimates Springer to be worth $3.1. Wenn du Teil eines Unternehmens sein willst, in dem kreative und mutige Leute gemeinsam gesellschaftliche Verantwortung übernehmen und neue unternehmerische Lösungen finden, wenn dir wichtig ist, dass deine Arbeit einen Unterschied macht, bist du bei uns richtig. Für Axel Springer rückt CANCOM SE O.N. WeltN24 ist ein Unternehmen der Axel Springer SE. 12.06.2019 Ad-hoc Announcements . © 2021 Forbes Media LLC. In cases where paying a tax would result in a large sum of money exiting the business, a tax exemption could be granted. Axel Springer, the company, goes public, but publisher Axel Springer dies in Berlin at age 73. Wir bringen Journalismus und Technologie zusammen und machen so Journalismus zukunftsfähig. With plenty of time to plan this succession and move assets into trusts, or into the name of close family member, Döpfner could, Schubert speculates, end up paying a far smaller amount than the $500 million. Dann bewirb Dich jetzt bei Axel Springer National Media & Tech. Wir suchen Menschen, die mit Kreativität und Leidenschaft die Zukunft des Journalismus in der digitalen Medienwelt mitgestalten wollen. Wir freuen uns unabhängig von Geschlecht, Nationalität, ethnischer und sozialer Herkunft, Religion, Weltanschauung, Behinderung, Alter sowie sexueller Orientierung und Identität auf alle Bewerbungen. Friede Springer said in a statement that she is delivering on a promise to “ensure continuity” and “safeguard the future of Axel Springer”and was “very happy and grateful to have found my successor in Mathias.”, Mathias Oliver Christian Doepfner (Right), CEO of German media group Axel Springer SE, and Friede Springer (Left), publisher and widow of Axel Springer. Forbes was unable to reach these heirs directly. To pay a 50% tax rate, Döpfner would be selling half his shares and he would also lose voting power in the process. Or, a ridiculous low amount of gift tax in relation to what he has got now,” he says. I am a wealth reporter at Forbes, based in London covering the business of billionaires, philanthropy, investing, tax, technology and lifestyle. In den Bereichen Projektmanagement, Content Marketing, Redaktion und Art Department sind bei uns rund 90 Mitarbeiter tätig. In gifting and selling stock to Döpfner, Friede Springer cut her stake to 22%, reducing her net worth by an estimated $1.4 billion—yet she’ll still make the World’s Billionaires list. Axel Springer is the media and technology company | We empower free decisions. His Bild Zeitung became the nation's tabloid. I am a wealth reporter at Forbes, based in London covering the business of billionaires, philanthropy, investing, tax, technology and lifestyle. Menschenrechte, Demokratie und Meinungsfreiheit in unserem Land, in Europa, überall – für diese Ideen arbeiten wir gemeinsam, jeden Tag. Solltest du Fragen haben, findest du hier erste Antworten: career.axelspringer.com/de/faq, Dein Ansprechpartner zu dieser Position (Referenznummer 015700443 ) ist: Lucas Galas, #LI-LG1#LI-JL1. Ansprechpartner. The gift of 15% could present CEO Döpfner with a staggering tax bill of as much as $500 million (420 million Euros), according to a left-leaning politician and tax lawyers in Germany. Entrepreneurship. The CEO transitions the company’s responsibilities to several existing supervisory board members and Axel Springer’s fifth wife, who was never active in the operating management but is a member of the supervisory board. By the early 1960s his print titles dominated the West German daily press market. In addition to publishing, the company has holdings in online content, online … spent seven years fighting for my inheritance through the courts. Springer, now 78, inherited the publishing empire from her husband Axel following his death in 1985. Gift tax rates in Germany for transfers from non family members range from 30% to 50%, depending on the size of the gift received, according to Thomson Reuters. I cover the work and wealth of Europe's richest. By providing information across its diverse media brands (among others BILD, WELT, BUSINESS INSIDER, POLITICO Europe) and classifieds portals (StepStone Group and AVIV Group) Axel Springer SE empowers people to make free decisions for their lives. Court issues clearance order . The avenue Döpfner is most likely to explore, according to tax law specialist Helge Schubert from Hamburg-based law firm Rose & Partner, is an exemption test. You may opt-out by. Download the Annual Report 2019 Download the Financial Statements of Axel Springer SE as of December 31, 2019 Segment figures of previous quarters can be downloaded as an Excel spreadsheet; Press Release. Axel Springer acknowledged questions over taxation but did not comment on the details of Döpfner’s personal tax plans, though a spokesperson emphasized that the gift will “of course” be taxed properly according to the applicable tax rules. “If you do receive something more than EUR 26 million, then we look into your private worth. Axel Sven Springer, grandson of the publisher (l), and Friede Springer. Dennoch ist Vielfalt (Diversity) ein wesentlicher Teil unserer Unternehmenskultur! Axel Springer starts a … Schubert adds, “Basically ... one can assume that there shouldn't be any gift tax applicable. Axel Springer SE | 25,481 followers on LinkedIn. Publication of the Annual Report 2019 . Simply put, Döpfner will pay 50% tax on the private wealth remaining in his name, and the assets that remain in his name are easily changed. All Rights Reserved, This is a BETA experience. I studied at Goldsmiths, University of London and joined from Spear's Magazine, where I covered everything from the Westminster bubble to world of wealth management, private banking, divorce law, alternative assets, tax, tech and succession. It is quite possibly the most valuable corporate asset transfer to a non-family member in modern history. Majority shareholder KKR has not responded to a request for comment. A letter of intent for this purpose had already been signed in December 2014. © Axel Springer SE 2020.Axel Springer is the media and tech company. WeltN24 ist ein Unternehmen der Axel Springer SE. The group posted revenues of over $4 billion in 2019. billion. +49 30 2591 77613 ; julia.sommerfeld@axelspringer.de Offen für Neues?