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Siemens’ Loscher Speaks at Leadership Lecture
Peter Loscher openly acknowledges
that his first and
most difficult task after taking
the job of CEO of global
conglomerate Siemens
AG last July was dealing
with the aftermath of a
scandal that included allegations
of bribes to foreign
governments and union
leaders.
During a recent Wharton
Leadership Lecture Series
talk, the 49-year-old talked
about these and other
challenges he faced as
the first outsider to lead
the 161-year-old engineering
and health care giant.
“Corruption exists in the
whole world; but it’s not
in our marketing plan,”
Loscher told the Wharton
audience in explaining
his moves to aggressively
change the firm’s culture
and standards. “It is not the
business we are interested
in, and it’s not a sustainable
business model, either.”
In addition to Loscher,
speakers at recent Wharton
Leadership Lectures include Carter Roberts, president and CEO of the U.S. World Wildlife Fund;
Kevin Roberts, CEO of
Saatchi & Saatchi; and
Dieter Zetsche, chairman
of the board of management
at Daimler AG.
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