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Siemens sues ex-board members and new residents Ganswindt – Circles

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By Matthias Karpstein
DOW JONES NEWSWIRES
MUNICH (Dow Jones) – Siemens AG plans against the two former directors Heinz-Joachim Neubürger and Thomas Ganswindt go to court and thus the processing of the Corruption transactions bring to an end. On Monday, the Dow Group on Munich regional court proceedings against the former Chief Financial Officer New citizens and their fellow board members to submit Ganswindt, such as Dow Jones Newswires on Sunday by a trusted and experienced person with the matter.
Siemens invites new residents of EUR 4 million, Ganswindt is EUR 1 million . pay Both managers were not yet available for comparison. In September had the Siemens Supervisory Board decided, against previous Board members, with which no agreement is reached to bring the dispute.
Siemens raises the ex-board members before, evidence of corruption not be adequately followed up on. Against Ganswindt and New residents also run criminal investigations of Munich prosecutors. On Sunday, the lawyers were of the former Not reach Siemens manager, despite repeated telephone inquiries. The "Süddeutsche Zeitung" and the "Tagesspiegel" (both Saturday Edition) also reported on the complaints against new residents and Ganswindt.
A total of eleven managers, Siemens had demanded compensation nine of them were finally ready to make comparisons. For the nine Compare Siemens paid to 19.5 million euros.
In particular, the discussion of the long-term CEO and later chairman Heinrich von Pierer long weighed on the group. Pierer agreed in early December, with 5 million EUR for the highest amount of the data manager at Siemens . pay
On Tuesday, the shareholders at the AGM are vote on the nine settlement agreements. In addition to voting the manager should pay this stage of the Agenda for discussion is needed most to offer.
Website: www.siemens.com
-By Matthias Karpstein, Dow Jones Newswires, +49 89 55214030,
matthias.karpstein @ dowjones.com
DJG / mak / apo / kgb
END) Dow Jones Newswires
January 24, 2010 09:23 ET (14:23 GMT)
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