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In an unprecedented move, the supervisory board of German engineering giant Siemens AG on Tuesday launched plans to sue 11 former management board executives, including former CEOs Heinrich von Pierer and Klaus Kleinfeld, over alleged supervisory failings linked to a $2 billion bribes-for-business scandal.

Author: /time Magazine | Title: Siemens Sues Its Own Managers | 7/30/2008 | See Source »

The board's decision marks the first time that all members of an executive board are being held personally accountable for alleged financial damages to a German blue-chip company. The development is widely seen as a sign that the traditionally cozy relationship between German supervisory boards and the executive...

Author: /time Magazine | Title: Siemens Sues Its Own Managers | 7/30/2008 | See Source »

For some observers, these inconsistencies suggest an even murkier authorship for Sunday's bombing. Earlier this year, after a yearlong investigation, state prosecutors arrested a total of 86 people - including military officers, journalists and prominent businessmen - for alleged membership in the so-called Ergenekon network, a secret ultra-nationalist militia...

Author: /time Magazine | Title: Who Was Behind the Turkish Blasts? | 7/29/2008 | See Source »

The group is accused of employing a range of dirty tricks - from assassinating high-profile figures to bombing public places - at critical moments to create unrest, weaken governments and replant the seeds of military rule in Turkey. Over the past few days, newspapers have run excerpts from the 2,455...

Author: /time Magazine | Title: Who Was Behind the Turkish Blasts? | 7/29/2008 | See Source »

The puzzle may never be solved. Critics of the Ergenekon investigation say that while aspects of the indictment may be relevant, the government is using it to avenge a bid by the secularist establishment - namely the courts and military - to close them down for alleged Islamism. Meanwhile, many supporters of...

Author: /time Magazine | Title: Who Was Behind the Turkish Blasts? | 7/29/2008 | See Source »

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