Word: checked
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Dates: during 2000-2009
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...hard to feel sorry for a guy who walks away from a job with a check for €50 million ($71 million). So while a few Germans see Wendelin Wiedeking, departing CEO of German sports car maker Porsche, as the victim of a public lynching by media, few feel bad for him. Wiedeking had a 17-year run at Porsche, the Stuttgart-based sports car icon which has just failed in its bid to take over motoring giant Volkswagen and will now be merged into the VW group. He took the job when Porsche was on the skids and transformed...
According to the Financial Times Deutschland, Wiedeking was entitled to compensation of $200 million or more. But labor representatives on Porsche's supervisory board's protested at such a huge handout and Wiedeking himself suggested a more modest sum. Before the ink had dried on the check, Wiedeking announced he would donate half the money to a Porsche-sponsored charity. Not without a sense of humor, he also pledged to donate $2.3 million to assist "needy journalists". The German taxman will likely get a big chunk of what is left. "For the first time an executive has responded...
...nine years. "Shocking" is how former marketing director Kristin Godfrey described her reaction when she learned the troupe had to be shut down. As a result of plummeting investments at the Argosy Foundation - which sponsored two-thirds of the company's operating budget - the annual contribution became an impossible check to write. Six weeks was all it took, Godfrey says, from the announcement that their main donor was pulling out to the company's final curtain call...
...which a carriage of a train derailed after a wheel broke. No one was injured, but the incident spooked authorities. The federal railway agency launched an investigation and issued several urgent safety recommendations. "According to new safety regulations imposed after the accident on May 1, we have to double-check and replace the wheels of our entire S-Bahn fleet more often than we used to in the past," Jürgen Kornmann, spokesman for Deutsche Bahn, tells TIME. (Read "European Train Travel: Working on the Railroad...
...Caines - the Michelin-starred chef, not the actor - at the ABode Hotel, tel: (44-161) 200 5678. I'd round off the day at the Radisson Edwardian's Opus One bar, tel: (44-161) 835 8904, and if I'm too tipsy to go home after that, I'd check into the Shirley Bassey Suite as the beds there are big enough even...