"Without trucks, our modern life is not possible." That's what Martin Daum says, CEO of Daimler Truck AG and, since the spin-off from Mercedes-Benz, one of 40 DAX board members. After training and studying business administration, he worked as a management consultant. In 1987 he joined Daimler, headed Daimler Truck North America and took over the board of Daimler Truck AG in 2021. At Young Economist, the long-time manager gives insights into how to be successful in your studies and career and what it takes to join the exclusive club of DAX board members. It's about cultural differences between Europe and the USA and what it's like to be responsible for 100,000 employees. We also asked whether the CEO of the world's largest truck manufacturer can actually drive a truck himself? The answer can be found in the video from minute 5. #youngeconomist #learningfromrolemodels #martindaum #daimler #daimlertrucks #careertips #economy #businessadmin #economiceducation #electromobility About us: Young Economist is a project of the Initiative for Economic Youth Education (IWJB gGmbH) and the motto is "Learning from role models." We bring young people aged 16 to 28 into contact with outstanding personalities from business and politics. In addition to Young Economist, with Future Day we bring everyday practical knowledge in the areas of taxes, housing, health insurance and finance into schools - topics that everyone has to deal with when starting adult life, but for which there is rarely time in everyday school life. You can find more information about Future Day here: www.zukunftstag.org More from us: Instagram: / young_economist_ Website: https://www.young-economist.de Image: ©Pia Matt --------- 0:00 Teaser 0:39 Introduction 1:00 What does a CEO's week look like? 1:39 How often are you on the road as a CEO? 3:03 What does Daimler Truck stand for as a company? 5:20 School and university days 9:21 Daum on his time as a management consultant 11:34 Why he started at Daimler 12:17 Keys to success in studies and career 15:11 Why should someone work at Daimler Truck? 16:47 How much does a 40-ton tractor unit (or truck) cost? 17:58 Differences between Europe and the USA + viewer question about the USA 21:21 What is it like to be the boss of 100,000 employees? 24:17 Daimler Truck as a global company 27:25 Why did Daimler Truck split off from Mercedes? 35:42 What does it take to become a DAX CEO? What role does luck play? 39:30 Daum's relationship with Joe Kaeser (Chairman of the Supervisory Board of Daimler Truck AG) 40:59 Daimler Truck's path to zero emissions 48:34 Viewer question: Will we still need professional drivers in 10 to 20 years? 50:14 Electric vs. hydrogen 53:25 Viewer question: Why is Daimler Truck looking positively to the future despite crises? 56:05 What would you advise your 20-year-old self?