At it’s annual stockholders meeting on January 25th, Siemens stockholders decided to cut the bonuses for board members and keep their pay on a fixed level. According to the evaluation of the chairman of the advisory board, Gerhard Cromme, this would facilitate a more independant board, and grant a further improvement of the checks and balances system. He further pointed out that the amount of work and the risk of legal liability for board members has increased tremendously over the last decade. Continue →

Germany may just be on its way to a devestating blow in agricultural exports. After toxic dioxin had been found in eggs and other chicken products just a few weeks ago, the repercussions may be dire. The state attorneys office is currently investigating several bird feed producers under the suspicion that the toxic substances had not, as theorized earlier, contaminated the food supplies by accident, but rather by a planned Continue →

More than 23.500 tax evaders have voluntarily disclosed having evaded taxes to the fiscal authorities over the course of the last year.

On December, 24th 2010 newspaper „Die Welt“ quoted a poll with the Ministry of Finance and the regional tax offices of the federal states indicating that Baden-Württemberg alone received an impressive number of 7.409 self-reportings. Continue →