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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...

Author: /time Magazine | Title: Is Porsche's Exiting Boss A Symbol of Capitalist Excess? | 7/25/2009 | See Source »

...handed. Merckle seemed to have a chance of refinancing his business when at the end of December banks granted him a reprieve on loans that were due to be repaid at Christmas, pending the outcome of further refinancing talks in January. According to a report in the Finanicial Times Deutschland on Monday, banks had promised Merckle a €400 million bridge loan...

Author: /time Magazine | Title: Financial Casualty: Why Adolf Merckle Killed Himself | 1/6/2009 | See Source »

...small backyard recording studio in the Berlin neighborhood of Neukölln, known for its large, mainly Turkish, immigrant population, the two ministers joined forces with 23-year-old German Turkish singer Muhabbet to record the pro-immigration hymn Deutschland. Senior politicians rarely visit the troubled neighborhood, much less show up to sing a duet. But if the two men in suits were feeling awkward, they certainly didn't let it show. Steinmeier smiled and grooved to the music - a mixture of Turkish folk and R&B which Muhabbet calls "R 'n' Besk" - while Kouchner rhythmically snapped his fingers...

Author: /time Magazine | Title: Ministers Make Music and Play Politics | 11/14/2007 | See Source »

...There weren't too many notes for Steinmeier to miss, however. Supported by Muhabbet and seven background singers, Steinmeier and Kouchner merely had to repeat the word Deutschland (Germany) over and over again, with a slight variation at the end where the word for Kouchner's sake - whose French accent added some extra exotic charm to the song - was substituted with Frankreich (France...

Author: /time Magazine | Title: Ministers Make Music and Play Politics | 11/14/2007 | See Source »

...Marriage of Maria Braun, Veronika Voss and Lola - by the dissolute genius of German cinema, who died in 1982 at age 37. The films make an indispensable trilogy that charts the history of postwar Germany in terms set by the vivid melodramas that Fassbinder adored. (BRD stands for Bundesrepublik Deutschland - German for West Germany.) Among the more than three hours of documentaries and specially produced features on disc four are exceptionally lucid interviews with Fassbinder's three stars, Hanna Schygulla, Rosel Zech and Barbara Sukowa. The audio commentary on Maria Braun is by director Wim Wenders and Michael Ballhaus, Fassbinder...

Author: /time Magazine | Title: A Criterion Top 10 | 11/10/2006 | See Source »

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