Earlier quoted context omitted.
For people less familiar. Germany privatised its national rail company in the 90s but the federal government is the only shareholder. It’s a weird model that doesn’t make much sense. DB is a monopoly so the rules of competition don’t apply (and don’t work with railways anyway) it’s led to perverse cost cutting incentives and fat bonus programs for C level employees. Combine that with a conservative government’s auste…
So it is still a state enterprise in all but in name. The swiss federal railyway has the exact same model (a company fully owned by the federal government) and it works very well. Blaming the ownership model for the DB's woes is just wrong in my opinion. German railways have been chronically underfunded, overburdening the company with below cost ticket and the company has some perverse incentives with respect to rail…
I already mentioned that in my comment.
The ownership model intensives cost cutting and share bonus programs.