Siemens Weathers the Storm
When Siemens CEO Klaus Kleinfeld looks out the window of his office in a former palace in central Munich, he sees twinkling lights and people cheerfully quaffing mulled wine at a Christmas market in the plaza below. But the news is anything but merry for the engineering and electronics giant. Barely a day goes by without more negative headlines connected to allegations that a group of managers at the company's telecommunications equipment unit bribed foreign officials to win contracts, misusing as much as $550 million.
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