Word: rheinlander
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Dates: during 2004-2004
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...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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