Both investors and labor welcomed Monday the appointment of a new chief executive at Siemens, the German electronics and engineering company that has been shaken by a kickbacks scandal. Austrian-born Peter Loescher, 49, is to receive a five-year contract, breaking with an earlier trend to short contracts, Siemens disclosed Monday. It declined to disclose his salary. Observers said the executive, hired from U.S. drugs group Merck & Co., was a consensus man who did not polarize people in a crisis.
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Original post by Bob LeVitus and software by Elliott Back
