1. It spent $7.6 billion last year on acquisitions to strengthen core businesses and build Siemens' presence in emerging markets such as China and India
2. It made plans to list the profitable, but non-core, VDO auto electronics unit on the stock exchange
(Signs of underhanded strategies:
1. Munich prosecutors are investigating whether the company systematically bribed foreign officials to win contracts. Siemens admits hundreds of millions may have been misused.
2. A separate investigation is probing whether Siemens secretly financed a workers' organization that was supposed to act as a counterweight to IG Metall, the militant labor union that negotiates on behalf of most Siemens workers in Germany.)
How do you define an indisputable fine line between right and wrong?
[Click here for full story at: BUSINESSWEEK.COM]
Thursday, April 26, 2007
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment