It looks like the pressure for his departure has worked.
It is not clear what Mr. von Pierer new of the activities that were going on at Siemens. However, it is clear that he was at the helm at the time and that he should have had systems in place to catch these activities, which appear to have been well entrenched.
He was even head of the division where these activities were, if no rife, certainly prevalent.
He either knew and let it go on or he should have known and was not in control.
With all due respect for Mr. von Pierer and for the presumption of innocence, he had to go!
Onésimo Alvarez-Moro
See article:
The corruption scandals at Siemens, the German industrial giant, claimed one of the nation’s most prominent industrialists late Thursday, as the company said its chairman, Heinrich von Pierer, would resign next week.
In a statement, Mr. von Pierer said that he was leaving out of a duty to Siemens and its more than 400,000 employees, not because of any involvement in the accusations of bribery that have roiled the company.
Mr. von Pierer’s departure is not a total surprise. He had been under mounting pressure to leave, even from other members of the company’s supervisory board.
But his resignation is sure to reverberate through German corporate circles, where he has long been a distinguished figure.
See full Article.
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