Word: german
(lookup in dictionary)
(lookup stats)
Dates: during 2000-2009
Sort By: most recent first
(reverse)
...responding to the investigation but also in separating Siemens' culture and strategy from that of Von Pierer's. Kleinfeld appointed the law firm Debevoise & Plimpton LLP to do a complete audit of the company, and another heavyweight, Davis Polk & Wardell, as corporate counsel. He named Daniel Noa, a former German prosecutor, as the company's new chief compliance officer (CCO) and hired Michael Hershman, a former U.S. military intelligence officer and one of the founders of anticorruption watchdog Transparency International, as a compliance consultant...
...repositioning the company as a focused solutions provider, he split with his predecessor and broke the back of the traditional German business culture that ruled Siemens. Von Pierer, CEO from 1992 to 2005, had begun to transform the company from a sprawling bureaucracy that largely lived off fat contracts from Germany's state- owned firms into a global operator. He rationalized Siemens' many disparate businesses into a group of 13--such as automation, power generation, medical technology and telecommunications. By the end of last year, Siemens employed 475,000 people in 190 countries and generated 81% of its sales outside...
Inside Siemens, the habits of Germany Inc. have been dying for a long time. In fact, the company has changed so much that it's fair to ask whether Siemens is really a German company anymore. Siemens has businesses in the U.S. ranging from water technologies to medical equipment that employ 104,100 people and generate $31 billion in sales, some 26% of revenue. Asia, where Siemens is building low-emission coal-fired power plants in Shanghai, accounts for 15% of the company's sales. In Europe, excluding Germany, Siemens has 127,400 employees and nearly a third...
...visit to the company's industrial-steam-turbine business in Görlitz, a provincial city on the Neisse River, which divides Germany and Poland. Kleinfeld walked into a meeting with about 200 of the division's staff, shook a few hands and launched into a pep talk in German. As he started to hit his stride, many of the division's top executives looked on dumbfounded. Then Rene Umlauft, the division CEO, intervened, waving his hand at Kleinfeld and forcing him to stop midsentence. "Excuse me, Mr. Kleinfeld," said Umlauft. "But you can't speak German here. They...
...growing number of non-German engineers is a result of economics and education. Countries like India, China and the Czech Republic are producing highly qualified engineers who are less expensive than their German counterparts. And it's not just engineers who are caught in the global squeeze. In 2004 Siemens extracted an agreement from its workforce at two mobile-phone-handset plants in Bocholt and Kamp-Lintfort to work longer hours and accept a cut in holiday pay. Frustrated union leaders say they were blackmailed into eating what amounted to a 20% wage cut. "We had to accept these terms...