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According to the Financial Times Deutschland, Wiedeking was entitled to compensation of $200 million or more. But labor representatives on Porsche's supervisory board's protested at such a huge handout and Wiedeking himself suggested a more modest sum. Before the ink had dried on the check, Wiedeking announced he would donate half the money to a Porsche-sponsored charity. Not without a sense of humor, he also pledged to donate $2.3 million to assist "needy journalists". The German taxman will likely get a big chunk of what is left. "For the first time an executive has responded...
...they clearly want a better health-care system," he says. "If we don't act this year, costs for everyone are going to rise." The problem is runaway spending. "Voters want us to get some kind of a lid on costs," he continues. "They aren't looking for a huge tax increase. Small businesses are struggling to make ends meet...
...Senators who are huge supporters of Kurdish development - John McCain and Joe Lieberman - have sent a letter to Kurdish leaders saying they expect the elections to set a "gold standard" for the Middle East. Indeed, the two dominant political parties are now being challenged by the reformist Change List and various coalitions of religious, leftist and independent parties, which are taking advantage of popular frustration at the level of corruption and heavy-handed governance in the region. (Read about how Kurds vs. Arabs could be the next Iraqi civil...
...Today is a historic day for Africa and marks the dawn of a new era for communications between the continent and the rest of the world," SEACOM Chief Executive Brian Herlihy said in a statement marking the launch. "Turning the switch on creates a huge anticipation but, ultimately, SEACOM will be judged on the changes that take place on the continent over the coming years...
...military was crushed during its brief war with Russia last August. The possibility of such a deal, or even the discussion of it, puts the Obama Administration in a difficult position, forced to choose between a reset of relations with Russia or indulging Saakashvili's request. "It is a huge political mistake to support Saakashvili. By giving him weapons, the U.S. would be putting guns in the hands of a criminal," Sergei Markov, a Duma deputy and one of the chief ideologists of Prime Minister Vladimir Putin's United Russia Party, told TIME in a phone interview from the Georgian...