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Quarterly Figures Reported Too Late: 180,000 Euros Penalty for Schaeffler
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A development that was actually positive is proving costly for supplier Schaeffler: Because the board, led by CEO Klaus Rosenfeld, reported a better-than-expected business performance too late in 2024, the company is to pay a fine of 180,000 euros.
HERZOGENAURACH/FRANKFURT. The Bundesanstalt für Finanzdienstleistungsaufsicht (BaFin) apportioned a loan of 180,000 euros against the German company.
·Linz, Austria
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