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Wolff ‘surprised' by soaring Mercedes valuation
Nov.28 Toto Wolff says he was shocked by how much Mercedes' value has exploded – but insists selling a slice of his stake doesn't mean he's stepping away. The Mercedes CEO and team boss recently sold 15 percent of his holdings to CrowdStrike founder George Kurtz, trimming his share from 33 to 28 percent. But Wolff told reporters he remains fully committed. 'I have no intention of selling the team and I have no intention of stepping down,' he said. 'I'm in a great place, enjoying it. As long as I feel I'm contributing – and others feel the same – there's no reason to think in that direction.' Wolff said the sale was simply a strategic partnership. 'What I did was sell...
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3mo ago from OneStopStrategy.com
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