Michael Herz
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Michael Herz (1946-) is the owner of the family-owned Tchibo Holding, one of Germany's largest retail groups, and makers of Tchibo products. Last August he and two brothers bought out Günter and sister, Daniela, for an estimated US$5 billion. With the dispute resolved, the remaining family members faced no resistance bidding for a larger stake in Beiersdorf, maker of NIVEA products.
Tchibo now owns nearly half, assuring that the company, also courted by L'Oréal and Procter & Gamble, remains in German hands. Word is Michael and brother Wolfgang, who each own 34% of Tchibo, have emerged as the key players in the business. Brother Joachim with his 15% share apparently plays a lesser role.
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Michael Herz is also a film director, producer and co-founder of Troma Entertainment. Little is known about him: his longtime business and creative partner Lloyd Kaufman has said that Herz loathes life and is happy to allow Kaufman to be the public face of Troma.
Michael Herz is also a Professor of Law and Vice Dean at Cardozo School of Law and Codirector, Floersheimer Center for Constitutional Democracy.
