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...Siemens' decision to seek financial damages from former executives is a warning to the rest of German industry that such practices are under threat. The personalities involved make up a veritable A-Team of German management: Siemens' supervisory board is chaired by Gerhard Cromme, former CEO of German steelmaker ThyssenKrupp, and includes powerful business titans such as Josef Ackermann, the CEO of Deutsche Bank, and Michael Dieckmann, CEO of financial services giant Allianz AG. They were no doubt aware that a decision to go after previous execs Kleinfeld and particularly von Pierer - a former advisor to Chancellor Angela Merkel dubbed...

Author: /time Magazine | Title: Siemens Sues Its Own Managers | 7/30/2008 | See Source »

Defending Pakistan Your coverage of Pakistan is very one-sided [July 21]. You say the country is reeling from rising radicalism and a slumping economy. You call it a failing state, a terrorist sanctuary and a serious threat to the security of the U.S., despite the fact that in February's election, Pakistanis rejected religious extremism and said yes to democracy and the rule of law. All economies are in a slump. Radicalism, terrorism and extremism are rife from Colombia to Sri Lanka. And I fail to understand how a small group of extremists in a corner of one Pakistani...

Author: /time Magazine | Title: Mandela's Lessons | 7/30/2008 | See Source »

...children's health care to embryonic-stem-cell research and a windfall tax on oil companies. Now it's true that they knew their efforts were in vain - that their bills either had no chance of passing, or they would force President Bush to deliver on his veto threat, as he has done twice on legislation to expand the State Children's Health Insurance Program (SCHIP). But in some respects, that's beside the point - because in the middle of an election that looks to make the Dems' hold on power even stronger, much of this Congress's work...

Author: /time Magazine | Title: Congress Lays Ground for 2009 | 7/29/2008 | See Source »

...Sadr's dormant militia does decide to stir - should frustration over a lack of services, perceived discrimination or an American threat provoke them once more - the question remains of just how real the semblance of an Iraqi military grip on the city is. "The state is weak," says Abbas. "If Sayyid Muqtada al-Sadr wanted to call on the Mahdi Army to fight again, this city would collapse in a single...

Author: /time Magazine | Title: Will Peace Hold in Sadr City? | 7/29/2008 | See Source »

Rest easy, Google... The much-hyped new search engine Cuil (pronounced "cool"), purports to index more Web pages than any of its rivals. But based on its Monday debut, the new site poses little immediate threat to industry leader Google, or even its nearest competitors, Yahoo! and Microsoft, in either relevance or breadth of results it delivers...

Author: /time Magazine | Title: Why Cuil Is No Threat to Google | 7/28/2008 | See Source »

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