Word: telekom
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...also comfortable speaking to the press about the company's future plans, which did not sit well with its insular culture. Middelhoff's hard-nosed approach to business may yet help him to find another job. There was speculation last week that he might be chosen to head Deutsche Telekom, the telephone giant whose chief executive, Ron Sommer, was ousted last month...
...wear off quickly. But the wireless operators aren't really out to turn people onto photography. They want to get us used to the idea of downloading, swapping, and paying for images - and, not long after, short streaming video clips - on our phones. Harris Jones, chief executive of Deutsche Telekom's T-Mobile U.K., which in June became the first British operator to launch multimedia messaging, expects that picture viewing capability will be nearly universal in new phones by spring...
...blame than the government? Governments, of course, prefer to redirect flak. The scenario has just been played out to perfection in Germany - an election around the corner, an icon company that inspired many cautious citizens to dabble in the market for the first time, and a fall guy. Deutsche Telekom is a stock so widely held that it has become known as the Volksaktie, or people's share, with nearly 3 million Germans holding them. The government itself kept 43% of the stock after Telekom was part-privatized in late 1996, a move that led hundreds of thousands of Germans...
After weeks of controversy over his handling of the future of Deutsche Telekom, the last thing Chancellor Gerhard Schröder needed was another scandal just nine weeks before a general election. But allegations of financial impropriety swirling around Defense Minister Rudolf Scharping forced Schröder to fire him last week. "In my opinion the necessary basis for cooperation in government no longer exists," Schröder said. Scharping, 54, was ousted after the weekly magazine Stern reported that he had received payments from a public relations agency that has several defense contractors as clients. Scharping admitted...
...Atlantic. "Even if Europe hasn't had a scandal like Enron or WorldCom," says Sorbonne economist Christian de Boissieu, "the situation confronting our telecom operators, who are all deep in debt, means that we're facing similar problems." To the well-known troubles of France Telecom and Deutsche Telekom, add the pains at tech giant Alcatel. Or the fiasco at media and utilities conglomerate Vivendi, which soon after booting Jean-Marie Messier was seen scrambling for emergency funding to service j19 billion in borrowings. Could this spell the end of what the Germans call the Aktienkultur, or equity culture? Just...