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Because of government regulations,（http://www.watchescat.com/B-Replica-Tag-Heuer-Watches-65.html） the new company was incorporated in Germany. That had some unintended consequences. Since DaimlerChrysler was. incorporated under German law, the Standard & Poor's (S&P) 500 no longer listed the company. Under existing law, U. S. pension funds no longer were allowed to invest in the company. The pension funds therefore sold their holdings in Chrysler.DaimlerChrysler stock was listed on 12 international stock markets. It became the first truly international stock. The stock was traded around the world in local currencies rather than as repository receipts. When traded as repository receipts, shares are deposited in the bank and then dollar-denominated receipts are issued against them. The rate of currency fluctuation therefore always plays a role in trading. With the trading of common shares in the local currencies, the conversion cost can be avoided. The shares can be traded at 12 different stock markets without incurring conversion costs.Under German law, labor and banks sit on the board to look at the long-term health of the firm. Since the bank is not going to sell the stock, it is not that concerned when a stock goes down as long as the company seems to be healthy in the long run. American investors, in contrast, look for returns and fast results. As a result, American investors follow the stock market very closely and require explanations when a stock goes down. When Schrempp became CEO, he asked the board members of Daimler what the Daimler stock price was. Only one of the members gave an answer, and his estimate was not close to the actual price. None of the others even ventured a guess. In the American context it would be unethical for a board member not to have the latest information on a company's stock price.Germany requires two financial reports a year, whereas the United States requires four quarterly reports each year on a timely basis. Usually, U. S. corporations announce expected results two weeks before the end of the quarter and actual figures right at the end of the quarter. Since American investors want fast and timely information, they would not accept two reports per year as sufficient information. An additional problem was the timeline of announcement and reports from Stuttgart.The timing of reports and announcements created a problem as well. For example, Stuttgart would make announcements in the morning, when it was still night in the United States. By the time the Americans got the information, it was old news. The time lag became a big issue and was seen as proof that the Germans were excluding the Americans intentionally in an effort to gain total control.( http://www.watchescat.com/)

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