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Siemens CEO to step down following another poor quarter
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The following comments relate to this news article:

Siemens CEO to step down following another poor quarter

article published on 28 July, 2013

Siemens CEO Peter Loescher will leave the company four years before his contract is over, following another poor pre-earnings report. The company's board will select an acting President and CEO on July 31st. One of the most valuable companies in all of Germany, the engineering group has had its share of struggles in recent years. Loescher started in 2007, a hire from outside of the ... [ read the full article ]

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Posted Message
pmshah
Member
_ 		5. August 2013 @ 00:21 _ Link to this message    Send private message to this user   
Just wondering if their "profit offshoring "practices of the past have come to bite them you know where.
[ + quote]
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