Word: ceos
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...Germany's two-tiered management system, shareholders elect the supervisory board. It has the job of appointing and supervising the executive board, which runs the company's day-to-day business. Typically, though, a retiring CEO is appointed to chair the supervisory board, which often is a paper tiger with little incentive to scrutinize executives...
...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...
...there have been a growing list of such relatively minor mishaps: burst tires, a burning engine, a fallen engine panel, an aborted takeoff, a forced switch to battery power as a plane landed. The July 25 incident was far more serious. It was "a tremendously bad one," said Qantas CEO Geoff Dixon, "and it's one we regret...
...Alan Joyce, the smart, energetic CEO of Qantas' discount subsidiary Jetstar, who will take over as CEO from Dixon, who is retiring in November, recently suggested that simply cutting costs might not be enough to keep the company viable. Qantas, he said, might have to merge with another airline in the next few years. "With the high fuel prices we have, if that continues, a lot of airlines are not economic if they stand alone," Joyce told reporters. Qantas' "never crashed" reputation will hopefully survive, but there's no certainty its name will...
...been a heck of a year for Facebook, everyone's favorite social network. That was obvious when founder and CEO Mark Zuckerberg took the stage at F8, the annual developers' conference in San Francisco on Wednesday...