Herbert B. Schmidt

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Herbert B. Schmidt (born 23 April 1931 in East Prussia) is a German economist and public policy advisor, best known for his work in privatization in the former East Germany and Eastern Europe. [1]

Schmidt is considered the author of the "German Method" of privatization, in which shares of a state-owned company are tendered to the private sector buyer offering the best bid considering a number of factors including price, numbers of jobs guaranteed, environmental remediation, and other concerns. [2] Schmidt was the chief privatization advisor to Estonian Prime Minister Mart Laar, [3] and is a former economics minister of the German Lander of Saxony. [4] From 1998 to 2001, he was Commissioner of the Securities Commission of Bosnia and Herzegovina. [5]

In 1998, he was awarded the Order of the White Star of Estonia [6] for his work with the German Treuhandanstalt in Estonia.

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References

  1. Im Freien Estland, Hennig von Wistinghausen, Bohlau Verlag, 2004, p.323.
  2. Privatization in Developing Countries, John Nellis, SAIS Review, Vol. 27, No. 2, 2007.
  3. Privatization in Estonia, Erik Terk, Estonian Institute for Future Studies, 2000.
  4. Die Bildung des Freistaates Sachsen, Michael Richter, Vandenhoech & Ruprecht, 2004.
  5. IZVJEŠĆE O RADU, Komisije za Veijednosne Papire, Federation of Bosnia and Hercegovine, 2001.
  6. "The President of Estonia 1992-2001 - Official Duties - Decorations of the Republic of Estonia". Archived from the original on 2005-11-02. Retrieved 2008-12-22.

Further reading