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It looks as though Peter Loescher is out as CEO of Siemens (SI). According to a brief press...

It looks as though Peter Loescher is out as CEO of Siemens (SI). According to a brief press release issued Saturday afternoon, the Supervisory Board "will decide on the appointment of a member of the managing board as President and CEO" on July 31. SI warned Thursday it would likely not hit its 12% profit margin target by fiscal 2014.
Comments (1)
  • A little precipitous, NO?

     

    Should the guy not be given more of a chance to improve the operation? Now that he knows the current philosophy may not be correct?

     

    There is no guarantee that the next person is an improvement. A Little patience may be better path.

     

    Slow and steady is preferred to chaos and confusion caused by a sudden change.

     

    You really want to improve profits? BREAK UP the company into two or three pieces. Huge companies get increasingly unwieldy!
    28 Jul 2013, 11:51 AM Reply Like
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