That Steinhoff is no longer the global powerhouse it was a week ago goes without saying, but in addition to the financial fallout is the likely shattering of decades-long relationships, judging from the stunned responses of those who know its former CEO, Markus Jooste. Though he is virtually radioactive right now, Jooste built a strong, tight and loyal team around him, with many of his executives having worked with him for decades. He also has loyal, long-standing friends through business and horse racing. "I've known Markus for close to 30 years, and I have known him as a man of absolute integrity and a guy that is totally trustworthy," said David Sussman, who founded the JD Group and left as executive chairman. "He's a very competitive guy. In my opinion, I would not have expected him to do anything that is against the law ... It is a heart-breaking event that has affected many. Hopefully the investigations reveal that it is not as dire as the market is expecting." Sussman got to ...
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