Word: der
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Dates: during 2000-2009
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...pummeling its stock price and angering shareholders. Regulators on two continents had started investigations. So in early March the board acted, ousting Philip Watts, who had been managing director of the Anglo-Dutch company for almost seven years and chairman since 2001, and replacing him with Jeroen van der Veer, president of Shell's Dutch sister company, Royal Dutch Petroleum. A quick cure for all those headaches...
Hardly. Just six days after Van der Veer took the helm, internal memos leaked to the press suggested that other top Shell executives still in office, including Van der Veer, may have known about the reserves problem as early as two years ago. Van der Veer vigorously denied the charges but failed to calm the jangled nerves of Shell's institutional investors. And so the company was forced to ask itself an unpleasant question: How many times can you fire your CEO in a year...
Building the Lip Service Sector Do France and Germany really want to build world-class companies? Last week Jacques Chirac and Gerhard Schröder swore they did, pledging to team up to develop "the industrial champions that Europe needs," in the words of the French President. A top-level delegation of French ministers will head to Berlin in late May to trade ideas with their German counterparts. But watch what they do, not what they say: officials on both sides say the move is largely an attempt to patch up bad feelings in Germany over recent French market interventions...
...another unmasked East German spy. That ho-hum attitude greeted news that Bernd Runge, the head of U.S. magazine publisher Condé Nast's German business, worked for the hated Stasi secret police as a young East German journalist in the 1980s. Last week two German magazines, Focus and Der Spiegel, revealed that Runge, now 43, informed on fellow students and his own family, and spied on Western journalists. What's fascinating is that Germans barely raised an eyebrow, and Runge's American boss said his past has "no relevance." It's a far cry from the 1990s, when suspicion...
...desire to join the E.U. is rooted in economics - even the start of negotiations could sharply boost investment - as well as the need to cement democratic institutions in Turkey, where his pro-Islamic ruling party is at odds with the military and security establishment. German Chancellor Gerhard Schröder reaffirmed his own commitment to Turkey's European dream. "You can rely on Germany's willingness to keep its word," he told Erdogan in Cologne. Erdogan can't, however, rely on French President Jacques Chirac, who acknowledged last week that Turkey had a "European vocation," but added that its entry...