Word: basf
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Dates: during 2000-2009
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...TIME has learned that both Helms and Biden cited reports that Wintershall, an oil subsidiary of the giant German chemical conglomerate BASF, is currently in talks with the Libyan government about properties of the Oasis Partners, a U.S. consortium involving Marathon, Conoco and Amerada Hess. The holdings, which could be worth hundreds of millions of dollars, have not been operated by the Americans since 1986, when President Ronald Reagan imposed an executive order banning U.S. firms from doing business in the country...
...make corporate fat cats even fatter. In Germany, where the culture places greater emphasis on making it to the top of a company than on lining your pockets once you get there, option giveaways still consume only about 5% of total corporate profits. At the German chemical company BASF, CEO Jurgen Strube collects about $300,000 worth of options a year. "In the U.S., you have CEOs who earn more than $100 million on their options," says BASF vice president Hans-Otto Brinkkotter. "We avoid that...