Word: germanize
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...April 18, 1945, with the Third Reich on the verge of collapse, Army Lieutenant Michael Daly was leading his company through Nuremberg, Germany, when it encountered machine-gun fire. Shielding his men, Daly crept forward alone and single-handedly vanquished 15 German troops in four separate firefights. For these acts of heroism, Daly was awarded the Medal of Honor, the military's highest decoration. Daly also earned three Silver Stars, two Purple Hearts and a Bronze Star during his service...
...side of it that can't be found on the noisy pool deck of a chain hotel. An expansive three-bedroom house designed by local architect William Cody in 1964 has a demure flat-roof-and-steel-beam structure that pays homage to the uncomplicated designs of German-born architect Ludwig Mies van der Rohe. But the interiors are straight-up '60s opulent: there are travertine walls and an arena-size master bathroom clad entirely in Carrara marble...
...takes note of the supervisory board's decision with shock and regret and will defend himself" against the allegations. Kleinfeld, who became CEO of U.S. metals group Alcoa Inc. in October 2007, issued a statement suggesting that the whole affair will blow over. "I have great faith in the German judicial system, and that is why I am not concerned about this development," he said in a statement released by Pittsburgh-based Alcoa...
...decision may be partly a reaction to a wave of public anger over executive excesses in Germany. High management salaries and job cuts have been severely criticized at a time when German companies are earning record profits; there is a widespread sense that workers most often pay the price for the mistakes of senior executives. The outcry is not limited to the unions and leftist parties; even the conservative Christian Democrats are jumping on the bandwagon. A working group of the CDU parliamentary faction has suggested setting strict limits to remunerating executives with stock options, or even banning the practice...
...demonstrates that it is taking convincing action to clean up the mess on its own. "The SEC plays a role in this decision in the sense that Siemens wants to show that it is pursuing everyone involved regardless of their past position or reputation," says Daniela Bergdolt of the German Association for the Protection of Securities Ownership. "They hope that if they show remorse, it will reduce the penalty." And while it still seems far-fetched to imagine any German business titan seen doing the perp walk like American Bernie Ebbers of WorldCom, for instance, the case could mark...