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PDF Editor FAQ

Do Germans always use the word Geschäftsführer for a CEO?

I think you are getting titles slightly confused. A Geschäftsführer does not necessarily have the same legal functions as a CEO, even though they are similar and overlap. The problem is that the Anglo-American system is rather different from the German system, so titles do not always translate well.A chief executive officer (CEO) is the head of management or administraton in a corporation, usually a joint stock company (that is, with shareholders). In Germany, this would likely be an Aktiengesellschaft or AG. Such corporations have two boards, a supervisory board and an executive board. (Anglo-American corporations only have one board of directors.) The head of the executive board would be the closest thing to a CEO. This position may indeed be called a Geschäftsführer or Vorstandsvorsitzender (chairperson of the board) or geschäftsführender Gesellschafter, depending on the organization and legal framework.However, Geschäftsführer is also used for the head(s) of limited liability corporations (GmbH), limited partnerships (KG), or trade associations (OHG). Such organizations usually do not have a board and have a flat hierarchy. Mittelstand companies tend to be GmbHs, though you will run across other forms, too. There the title is more properly translated as managing director. It can also be used in a registered non-profit association or club (e.V.) or charity corporation (gGmbH). In this case, executive director would be more appropriate.To make things particularly complicated — the Germans invented the concept of limited liability and have been particularly creative in making new forms of it — there are corporations where the “partners” are themselves corporations. An example is the form GmbH & Co. KG.[1] I first encountered this while an intern at Melitta (the coffee company), and was perplexed by the rather lengthy corporate name of Melitta Haushaltsprodukte GmbH & Co. KG, never having seen corporate postnomials get stacked up like that before.In my experience, when translating “CEO” into German, writers often just say “CEO” to avoid this kind of confusion. If a company was incorporated in an English-speaking country, that's probably the wisest solution when discussing it in German.Footnotes[1] Kommanditgesellschaft - Wikipedia

Do Hedgeable, Betterment, Wealthfront or Schwab invest in more than ETFs?

Hedgeable, the firm I co-founded in 2009, invests clients in Exchange-Traded Funds, Equities (individual names), Master Limited Partnerships, Real Estate Investment Trusts, Bitcoin, and Private Equity. The exact mix of instruments is customized for the end client. Many of these asset classes are optional.As compared to the other robo-advisors, Hedgeable invests in the most diverse mix of security types. The traditional robo-advisor portfolio contains Exchange-Traded Funds exclusively.

Why does the British government refuse to recognise civil partnerships between non-LGBT couples?

Because the law in the UK and everywhere else already has a recognized status for partnerships for a heterosexual couple. It is called “marriage.” Common law partnerships are functionally marriages. In the USA they are actually called “common-law marriage.” Partnership = marriage.Marriage is the name for the partnership a couple makes with each other in order to be treated as one unit by the government.“Civil partnerships” is the name for a limited partnership that is not granted all the rights of marriage, and is therefore a slightly less beneficial partnership that was given to gay couples since they could not apply for marriage.If you wish to contract a legal partnership with an opposite-sex partner, get married. You can do it in a civil ceremony, and you will have a partnership.Every single person who has ever asked this question does not understand the fundamental bias of their perspective. There’s no added benefit to a civil partnership. It does not allow for faster, simpler, splitting. Divorce is complicated because you and another person have intertwined finances and family, not because the legalities of “divorce” are themselves complicated.

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