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About: Herbert B. Schmidt     Goto   Sponge   NotDistinct   Permalink

An Entity of Type : yago:Whole100003553, within Data Space : dbpedia.org associated with source document(s)

Type: Thingpersonyago:WikicatLivingPeopleyago:CausalAgent100007347yago:Economist110043643yago:LivingThing100004258yago:Object100002684yago:Organism100004475yago:Person100007846yago:PhysicalEntity100001930yago:WikicatGermanEconomistsyago:YagoLegalActoryago:YagoLegalActorGeoyago:Scientist110560637yago:SocialScientist110619642yago:Whole100003553 New Facet based on Instances of this Class

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. 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. Schmidt was the chief privatization advisor to Estonian Prime Minister Maart Laar, and is a former economics minister of the German Lander of Saxony. From 1998 to 2001, he was Commissioner of the Securities Commission of Bosnia and Herzegovina.