Word: hartz
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Dates: during 2000-2009
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...CHARGED. Peter Hartz, 65, former Volkswagen personnel director; with 44 counts of breach in trust in connection with a corruption scandal at Europe's largest automaker; in Braunschweig, Germany. State prosecutors allege that Hartz oversaw illegal payments of $2.4 million made without Volkswagen's knowledge to labor representative Klaus Volkert, who resigned soon after the investigation began last June. Hartz, who quit last July, denies wrongdoing but accepts the perks were in his "area of supervision." If convicted, he could face five years in jail...
...University's business school, sees a happy ending at Rover. With Britain "the first place to get major Japanese investment" in its auto sector, "it would be in keeping to get the first major Chinese offshore investment," he reasons. Could the good times catch on over at Volkswagen? Peter Hartz, head of personnel at the German carmaker, quit last week in connection with a bribery and sex scandal. Separately, the firm unveiled a cost-cutting plan aimed at restarting the firm. Said Wolfgang Bernhard, chairman of the Volkswagen Brand Group: "If we cannot survive here at Volkswagen, then industrial Europe...
...opposition conservatives, voted against adopting the higher pension and health-insurance contributions as well as Schröder's much-maligned proposal to reform the labor market by turning unemployment offices into temporary job agencies. The labor reforms were suggested by an independent commission headed by Peter Hartz, the personnel chief at Volkswagen. But even Hartz has complained that his recommendations have been so watered down because of pressure from labor unions that they weren't likely to succeed. Following the defeat in the Bundesrat, the legislation was sent to a mediation committee where it was approved unchanged. It will...
...Ralph Solveen. The agreement would cut barely €3 billion of Germany's nearly €150 billion in state subsidies while extending taxes on energy, consumer goods, corporations and capital gains. True, cutting benefits during tough times is a gloomy task, and the coalition did pledge to embrace the Hartz Commission's modest reforms, but the government seems powerless to cut unemployment. "That's only going to happen by cutting labor costs and making it easier to hire and fire," says Solveen, "but with this plan nothing will happen in the next four years." The question is when Germans will...
...other class--and many were wonderful--ever equaled the sheer intellectual and dramatic power of Professor Hartz's analysis of political philosophy over the past 300 years...