Klaus Kleinfeld has announced that he will resign from Siemens, a result of the explosive bribery investigation that continues to dog the manufacturing firm (if not the company's stock price). Kleinfled had not, as yet, been implicated in any wrong doing, but he did have his enemies on the board Siemens board, who have apparently used this as an opportunity to force his ouster.

At least that's the story the FT is tellin'.

-- MDT

Labels: bribery, corporate scandal, Klaus Kleinfeld, Siemens