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...unprecedented move, the supervisory board of German engineering giant Siemens AG on Tuesday launched plans to sue 11 former management board executives, including former CEOs Heinrich von Pierer and Klaus Kleinfeld, over alleged supervisory failings linked to a $2 billion bribes-for-business scandal...
...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 "Mr. Industry" by German media - would reverberate far beyond the walls of Siemens' headquarters in Munich...
...criminal charges have been filed in connection with the slush-fund scandal against either von Pierer, whose tenure as CEO stretched from 1992 to 2005, or Kleinfeld, who became CEO in 2005 and resigned under pressure in April 2007 as the bribery investigation widened. Both men maintain their innocence. Nevertheless, the supervisory board is seeking compensation for damages to the company, which it claims resulted as a failure of the executives to carry out their oversight responsibilities...
...Once, Toscanini's Beethoven was Beethoven, as surely handed down from on high as Schnabel's. Today, Toscanini's interpretations sound merely coarse, the vaunted NBC Symphony distinctly second-rate. What, one wonders, was all the fuss about? Beethoven: Symphonies Nos. 3 (''Eroica'') and 8. Herbert von Karajan conducting the Berlin Philharmonic Orchestra (Deutsche Grammophon). Beethoven: Symphony No. 9. Soprano Carol Vaness, Mezzo Janice Taylor, Tenor Siegfried Jerusalem, Bass Robert Lloyd; Christoph von Dohnanyi conducting the Cleveland Orchestra and Chorus (Telarc). Every decade Karajan tackles the Beethoven symphonies, and these new recordings of the heroic Third and frisky Eighth complete...
...established that my financial assets enabled me to easily maintain my position and in no way was there any difficulty discharging my obligations. Your August 9, 1982 article has caused me embarrassment and extreme distress in body and mind where I live, and indeed, all over the world. Stefania von Kories zu Goetzen Paris, France In TIME's article about the return of the stolen Salinas jewels and her arrest on charges of possession of the jewels, which were later dropped, it did not mean to suggest that the Baroness von Kories zu Goetzen was involved in the theft...