Difference between revisions of "Klaus Kleinfeld"
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| − | German born '''Klaus Kleinfeld''' is Chair and CEO of [[Alcoa]] and has been on Alcoa's board since 2003. He also sits on the board of pharmaceutical company [[Bayer]] AG. He was previously CEO of [[Siemens]] from 2005- | + | German born '''Klaus Kleinfeld''' is Chair and CEO of [[Alcoa]] and has been on Alcoa's board since 2003. He also sits on the board of pharmaceutical company [[Bayer]] AG. He was previously CEO of [[Siemens]] from 2005-07 after 20 years with the company.<ref>Alcoa website, Governance, Directors [http://www.alcoa.com/global/en/about_alcoa/corp_gov/directors/Kleinfeld.asp Klaus Kleinfeld] Accessed 20/02/2012</ref> He is also a member of the [[Trilateral Commission]]<ref>Market Watch website, Insiders [http://www.marketwatch.com/investing/stock/aa/insiders?pid=75337758 Klaus Kleinfeld] Accessed 20/02/2012</ref> and attended the 2008 [[Bilderberg Conference]] in Chantilly.<ref>[http://www.bilderbergmeetings.org/participants_2008.html Participants, Bilderberg Meetings, Chantilly, Virginia, USA], bilderbergmeetings.org, accessed 8 July 2010.</ref> |
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| + | ==Corruption scandal at Siemens== | ||
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| + | Kleinfeld resigned from his Chairmanship of [[Siemens]] amid a corruption scandal which saw the US Department of Justice investigating the company for charges of corruption. Siemens was accused by prosecutors in Germany, Liechtenstein, Switzerland, Italy and Greece of using slush funds of €426m (£291m) to obtain foreign contracts and funding a trade union, the AUB, to counter campaigns of the [[IG Metall union]] with whom they were in dispute. Kleinfeld resigned just hours before the news broke in the media.<ref>The Guardian newspaper [http://www.guardian.co.uk/business/2007/apr/27/9 SEC steps up investigation into Siemens] Andrew Clark, Friday 27 April 2007. Accessed 20/02/2012</ref> | ||
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| + | In 2009, after a lengthy investigation, Kleinfeld and four other executives were forced to pay large compensation sums. Kleinfeld allegedly paid $2 million of the $18 million total collected from the five, though he still denied wrongdoing.<ref>New York Times [http://www.nytimes.com/2009/12/03/business/global/03siemens.html Siemens to Collect Damages From Former Chiefs in Bribery Scandal | ||
| + | CHRIS V. NICHOLSON, December 2, 2009. Accessed 20/02/2012</ref> | ||
==Directorships and affiliations== | ==Directorships and affiliations== | ||
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*Co-Chair of the Mayoral Advisory Task Force on Stimulating Growth and Diversification in the New York City Economy.<ref>Business Week, People [http://investing.businessweek.com/research/stocks/people/person.asp?personId=5504710&ticker=AA:US Klaus Kleinfeld] Accessed 20/02/2012</ref> | *Co-Chair of the Mayoral Advisory Task Force on Stimulating Growth and Diversification in the New York City Economy.<ref>Business Week, People [http://investing.businessweek.com/research/stocks/people/person.asp?personId=5504710&ticker=AA:US Klaus Kleinfeld] Accessed 20/02/2012</ref> | ||
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Revision as of 02:51, 6 March 2012
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This article is part of the Mining and Metals project of Spinwatch |
German born Klaus Kleinfeld is Chair and CEO of Alcoa and has been on Alcoa's board since 2003. He also sits on the board of pharmaceutical company Bayer AG. He was previously CEO of Siemens from 2005-07 after 20 years with the company.[1] He is also a member of the Trilateral Commission[2] and attended the 2008 Bilderberg Conference in Chantilly.[3]
Corruption scandal at Siemens
Kleinfeld resigned from his Chairmanship of Siemens amid a corruption scandal which saw the US Department of Justice investigating the company for charges of corruption. Siemens was accused by prosecutors in Germany, Liechtenstein, Switzerland, Italy and Greece of using slush funds of €426m (£291m) to obtain foreign contracts and funding a trade union, the AUB, to counter campaigns of the IG Metall union with whom they were in dispute. Kleinfeld resigned just hours before the news broke in the media.[4]
In 2009, after a lengthy investigation, Kleinfeld and four other executives were forced to pay large compensation sums. Kleinfeld allegedly paid $2 million of the $18 million total collected from the five, though he still denied wrongdoing.[5]
Directorships and affiliations
- Director of Bayer AG
- CEO and Chair of Alcoa
- CEO of Siemens 2005-7
- Trustee of the Brookings Institution
- Chairman of the U.S.-Russia Business Council[6]
- Member of the Trilateral Commission[7]
- Attendee at 2008 Bilderberg Conference[8]
- Chairman of The Assmann Foundation of Prevention
- Strategic Product Manager for CIBA-GEIGY's pharmaceuticals division before 1987.
- Member of the Executive Board at Transatlantic Business Dialogue.
- Director of Citigroup Finance Canada Inc. 2005-2007
- Director of Committee Encouraging Corporate Philanthropy.
- Director of the International Business Council of the World Economic Forum.
- Member of the Chairman' Committee at The BDI - German Industrial Organization
- Member of The European Round Table of Industrialists
- Director of the Centers for Disease Control Foundation
- Director of the U.S. Chamber of Commerce
- Director of the Metropolitan Opera.
- Member of The Business Roundtable.
- Director of American Institute for Contemporary German Studies
- Director of The Turner Corporation
- Director of the Partnership for New York City, Inc.
- Co-Chair of the Mayoral Advisory Task Force on Stimulating Growth and Diversification in the New York City Economy.[9]
Resources
Notes
- ↑ Alcoa website, Governance, Directors Klaus Kleinfeld Accessed 20/02/2012
- ↑ Market Watch website, Insiders Klaus Kleinfeld Accessed 20/02/2012
- ↑ Participants, Bilderberg Meetings, Chantilly, Virginia, USA, bilderbergmeetings.org, accessed 8 July 2010.
- ↑ The Guardian newspaper SEC steps up investigation into Siemens Andrew Clark, Friday 27 April 2007. Accessed 20/02/2012
- ↑ New York Times [http://www.nytimes.com/2009/12/03/business/global/03siemens.html Siemens to Collect Damages From Former Chiefs in Bribery Scandal CHRIS V. NICHOLSON, December 2, 2009. Accessed 20/02/2012
- ↑ Alcoa website, Governance, Directors Klaus Kleinfeld Accessed 20/02/2012
- ↑ Market Watch website, Insiders Klaus Kleinfeld Accessed 20/02/2012
- ↑ Participants, Bilderberg Meetings, Chantilly, Virginia, USA, bilderbergmeetings.org, accessed 8 July 2010.
- ↑ Business Week, People Klaus Kleinfeld Accessed 20/02/2012
