Word: chancellor
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...squirreling away in banks. It turned out to be a brutal initiation. Germans have seen their investment in Telekom plummet by nearly 90% from its 2000 high after chief executive Ron Sommer led the phone company on a binge of global acquisitions. The shareholders have been screaming for months. Chancellor Gerhard Schröder, in the midst of a tough campaign to be re-elected on Sept. 22, saw the punter-voter connection and began putting the bite, or at least the sound-bite, on the company. Last week, under this intense pressure, Sommer resigned, admitting that he had lost...
BOTTOM LINES "Egoism at the top is not enough to provide lasting economic success." Gerhard Schroder, the German Chancellor, on U.S. corporate scandals...
...cutting unemployment. Under the FDP's program, the top rate of income tax would drop to 35% from the present steep 48.5%. In addition, the FDP proposes to offer a 37,500 deduction for each child. "You say that reducing tax costs money," FDP leader Guido Westerwelle told Chancellor Gerhard Schröderin parliament during a recent debate on the economy. "We say nothing is more expensive for the country than administering unemployment." In the past, the Free Democrats have been the traditional coalition partner of the Christian Democratic Union, with the FDP usually securing the post of foreign minister...
...that fix that Ferrari had to pay up, it was for failing "to observe Article 170" of the sport's regulations, relating to the podium presentation. Hearing the crowd's reaction, Schumacher had pushed Barrichello up to the top step, embarrassing Austrian Chancellor Wolfgang Schüssel, who didn't know who should get the first-place trophy. What Ferrari should have been penalized for was the crass and cynical application of team orders. While the FIA "deplored the manner" of Schumacher's win, it concluded "with reluctance" that it could take no action since the drivers were "contractually bound...
Ramphele, the first female to lead a major South African University and the first black vice-chancellor at the University of Cape Town, holds degrees in her many areas of expertise, a medical doctorate from University of Natal in 1972, a Ph.D. in Social Anthropology from the University of Cape Town, a B.Com. in Administration from the University of South Africa and diplomas in Tropical Health and Hygiene and Public Health from the University of Witwatersrand in South Africa. She is also a former fellow at Radcliffe’s Bunting Institute