Word: rheinlande
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...Werner Seifert told TIME. Of course, that's assuming Seifert's bid prevails. He has been playing a hurry-up game, but Furse wants to slow down - and encourage a bidding war that drives up the price. "I'm expecting one," says Olaf Kayser, an analyst at Landesbank Rheinland-Pfalz. "The loser will fall behind and be in a difficult position." Deutsche Börse has offered $9.91 for each L.S.E. share, but that bid was spurned by the L.S.E. Analysts think the eventual price will be at least $11.20, which would drive the total price up to $2.78 billion...
...Social Democratic party. Some politicians demanded that executives at companies give up part of their salary before demanding wage cuts, as happened at Lufthansa three years ago. "The managers in the higher floors should give up 10% of their own pay," said Kurt Beck, head of the state of Rheinland-Pfalz. "That would be a signal to employees." DaimlerChrysler did just that; the company's management board - headed by chief executive Jürgen Schrempp, who earned €7.5 million last year - agreed to give back 10% of its salary as part of the settlement. Will the attempts at forced...
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