Article: Shop Stewards: Der Spiegel's employee-owners gave their boss the boot. Now they must prove they can revive the venerable German magazine.(Stefan Aust)

Stefan Aust, the longtime editor of Germany's leading newsweekly, Der Spiegel, was on a boat trip near the Indonesian island of Ambon when he learned that he was out of a job. Although Der Spiegel's circulation numbers were good, many of its journalists thought there had been a decline in the quality of the magazine's journalism. The nation's elites no longer considered Der Spiegel an absolute must-read. Working there didn't feel as glamorous as it used to. Besides, Aust wasn't exactly an easygoing boss, and the newsroom had never entirely supported him. So the committee that represents Der Spiegel's employees in shareholder meetings made use of its majority stake in the ...

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