Another week, another regulatory battle for Uber, the Silicon Valley private car hire network with a German name. This time it is in Germany, where a Frankfurt court has banned its Uber Pop “ride-sharing” service that introduces passengers to unlicensed drivers through a smartphone app.
The problem with conventional wisdom is that academics will insist on testing whether it is truly wise.
So the popular assumption that Lehman Brothers would not have collapsed if it had been Lehman Sisters (to quote, among others, European commissioner Viviane Reding and former UK minister Harriet Harman) seems to take a knock from a new discussion paper published by Germany’s Bundesbank. It concludes:
Board changes that result in a higher proportion of female executives also lead to a more risky conduct of business.
Siemens is no longer in stormy seas. That at least is the message from the art in its chief executive’s office.
A gloomy picture of a stormy sea long hung in the German group’s headquarters. In his first interview as head of Siemens two years ago, Peter Löscher told me he wanted to banish the picture and replace it with work from his private collection. Subsequent visits to his office showed Europe’s largest engineering group still to be in the midst of rough weather (at least to lazy journalists in need of a metaphor).
The number of German companies embroiled in serious bribery allegations continues to grow: we have had Volkswagen, then Siemens, MAN and now Daimler.
But the preponderance of heavyweight industrial names leads to one to wonder about why so many German companies have recently become caught up in corruption scandals. Put simply: are German businesses more corrupt than others?