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1993-2000
The ultimate test
"The ability to do the right thing in a
stressful situation is what defines a company's
strength and core value."
As the new man at the helm in 1995, Waldemar
Schmidt was painfully aware of this. The future
of the ISS Group depended on his ability to stand
firm in the face of the major challenges. Among
them the crisis in the USA - that loomed in the
mid-1990s. In previous years, ISS had experienced
large-scale management reshuffling. Now the focus
had to be firmly on the business itself and on
core competences.
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"A great earthquake" was how Chairman
of the Board Arne Madsen described the scandal in
the USA, which sent shockwaves throughout ISS. |
