Michaelis: “Should Have Sold Postbus”

People ♦ Published: June 3, 2011; 15:14 ♦ (Vindobona)

The CEO of ÖIAG regrets his decision to integrate the bus company into ÖBB. He will be succeeded by Markus Beyrer at the end of June.

Michaelis: “Should Have Sold Postbus” / Picture: © Vindobona.org

Peter Michaelis, the departing CEO of the Austrian state holding company (ÖIAG), assessing his own term of office, said that he was satisfied with what he achieved, although he would have wanted to reverse one decision: the integration of Postbus into the Austrian Federal Railways (ÖBB). Instead, the bus service company should have been privatized. He had “overestimated the will for…