Markets Magazine
Siemens Confessing to Aiding Bribery Blessing to CFO
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Joe Kaeser was six months into his new job as chief financial officer of Siemens AG in November 2006, and already, he had a list of accomplishments to show for it.
The executive had helped to arrange a joint venture between Siemens and Nokia Oyj that combined their telecommunications-network units, guided Siemens in completing its largest U.S. bond offering and converted the company’s financial statements to international standards.