Michael Otto |
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Michael Otto (1944-) is the head of Otto GmbH, the world's largest mail-order company, with $24 billion in sales last year. Thanks to a 30% rise in Internet sales last year, Otto also maintains its position as the Web's second-biggest retailer, behind Amazon.com. Business hasn't fared as well at their venerable Spiegel, Inc., which filed for bankruptcy on March 17, 2003.
Otto and his family own extensive real estate in Canada and in the United States, shopping centers in Germany and part of home-furnishings chain Crate & Barrel. Known as a committed environmentalist, his company has long touted environmentally safe products.
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