ThyssenKrupp AG Chairman Gerhard Cromme admitted on Friday to making mistakes that contributed to massive losses at the German steelmaker, but didn't bow to pressure from some shareholders to step down."If you ask me whether we as a supervisory board could have done things better in the past, then my honest answer is 'yes, we trusted too long, we could have acted sooner'," he told the company's annual shareholders' meeting on Friday.Cromme has come under fire for not stopping a botched multi-billion euro project in the Americas, lavish junkets for journalists and a cartel fixing the price of rail tracks.His comments were greeted by a mix of cheers and boos from a lively audience of several thousand, aware that problems had mounted under Cromme and former Chief Executive Ekkehard Schulz.Last month the company posted a 4.7 billion euro ($6.1 billion) net loss for the year after taking a writedown on its Americas project and said it would pay no dividend for the 2011/12 fiscal year.Thysse...
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