Demand for Elimination of the ÖIAG

People ♦ Published: January 27, 2011; 09:04 ♦ (Vindobona)

IAs part of the succession process for the CEO position at the Austrian industrial holding (ÖIAG) political representatives are increasingly imposing conditions.

Demand for Elimination of the ÖIAG / Picture: © Wikimedia Commons / Christian Jansky [CC BY-SA 3.0]

A new advance towards the elimination of the ÖIAG is made by the Minister of Infrastructure Doris Bures (SPÖ). The message is simple: "We do not need it."

She thus contradicts the coalition partner ÖVP. Currently, the ÖIAG is subordinate to the Ministry of Finance held by the ÖVP. The cause for the newly inflamed debate is the renewal of the Board position. From a politic…