K+S CEO Incurs Investor Backlash for $3.3 Billion Share Rout

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  • Investors question CEO's refusal to talk to Potash on takeover
  • Steiner breached `fiduciary duty' to stakeholders, Acatis says

K+S AG Chief Executive Officer Norbert Steiner is facing the wrath of investors who have seen 3 billion euros ($3.3 billion) wiped from the German potash company’s market value after refusing to engage in takeover talks with Potash Corp. of Saskatchewan.

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