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Expert Analyses of the following article:

Article: Siemens to claim money from ex-chiefs

Source: www.ft.com
August 6, 2008
Does it make any sense ?
Author: GLG Expert Contributor
Why does the supervisory board announces claim damages against 11 of its former executive board members? Will their be compensation which is high enough to cover the damages to the companies name? Of course not. Do they want to avoid future briberies. Of course not. Siemens is afraid to be punished by the US SEC and they want to avoid being investigated in their own companies. It is a weel known secret...
Peter DehnenJuly 31, 2008
Siemens Damage Claim is unprecedented
Author: Peter Dehnen, Partner, Dehnen.Lawyers
Siemens announced that the Supervisory Board has approved recommendations of its law firm to claim damages from executive board members in charge between 2003 and 2006. It will be the first time in German history that a chief executive of a company listed on the German blue-chip stock index DAX has been sued for damages by his former employer.

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