Word: siemenses
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Klaus Kleinfeld had a solution to one of the world's pressing problems. For the first time in human history, more people live in cities than in a rural environment. This massive urbanization is taxing public infrastructure, such as roads, railways, health-care systems, power networks and water resources. In...
"If you want to label it and call it infrastructure in a broad sense, it's what Siemens is really about," Kleinfeld told TIME earlier this year. "Everybody should have the opportunity to lead a reasonably good life. And if we really, truly believe this, I think we have to...
But before Kleinfeld got a chance to solve the world's troubles, he couldn't adequately solve one massive problem at Siemens. For months now, prosecutors and securities watchdogs in Europe and the U.S. have been investigating current and former Siemens employees, including some senior executives, on various allegations of...
In the new climate, many developed countries have changed their legislation to crack down on bribery. One hundred and forty governments have now signed a 2003 United Nations convention against corruption. There are currently more than 100 foreign bribery investigations under way worldwide, according to Angel Gurría, the...
Congress and the Centers for Medicare and Medicaid Services (CMS) have taken steps to rein in imaging. Beginning next year, imaging centers will see payment cuts that the industry and its manufacturing allies--GE, Siemens, Phillips--say will reduce some payments to 20% of the cost of doing them. To...