Tuesday, April 10, 2007

Siemens chairman under pressure to resign


Given the fact that Herr von Pierer was CEO when many of the company´s questionable practices were in place.

The pressure for him to go needs to continue.

Onésimo Alvarez-Moro

See article:
Heinrich von Pierer, one of Germany’s top business figureheads, is coming under mounting pressure from other members of Siemens’ supervisory board to resign from his post as chairman of Europe’s biggest engineering group.

Twin scandals engulfing Siemens, involving alleged bribery and the alleged financing of a rival to its main union, are making several directors, on both the labour and capital sides, nervous. The acts under suspicion mainly took place during Mr von Pierer’s time as chief executive.

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