As Europe continues to grapple with economic crisis, German companies are looking elsewhere for business. But from Daimler to Siemens, many large firms have found they need more foreign managers to thrive in multicultural world.
The chief executives of Germany's 30 biggest companies took home €5.3 million ($6.9 million) on average last year, a 3.0-percent rise from 2011, but still below the European average, a study showed Tuesday.
Chancellor Angela Merkel seemed to take a cue from Germany's left-wing opposition on Wednesday, criticizing excessive manager pay packages and welcoming European moves to limit them.
The idea that bosses “think differently” is not just something stressed underlings mutter under their breath – they actually use different parts of their brains than non-managers do when making decisions, German scientists say.
Women have better career chances in smaller German companies than large corporations, with a fifth of mid-sized firms being led by a female CEO, according to a new survey released on Friday.
Top managers at the beleaguered carmaker Opel will once again be eligible for bonuses, sparking anger from company workers facing layoffs, the head of the staff association said Saturday.
Women are dramatically under-represented in the boardrooms of major corporations in Germany and need state-imposed quotas to achieve parity, a study published Wednesday said.
Five months after the exposure of alleged bribery and corruption at the German utility vehicle-maker MAN, the firm is overhauling the senior management in its sales and marketing division, a company spokesman said on Saturday.
