Business Channel 2007-04-28&30

He was never implicated¹ in the Siemens bribery² allegations, but Klaus Kleinfeld will have to pay the price. After a meeting of the supervisory board, Klaus Kleinfeld announced he would not be available for another term as CEO of the company.

An uncertain position is not acceptable for our staffs, our customers, our shareholders³ and also for me. I do this at a time when the company is performing extremely well and with a outcome of the corruption⁵ investigation⁶ is coming together well.

Europe’s largest engineering company has been in the headlines for a month after authorities raided several company officers and a senior executive was taken into custody⁷, charged with embezzlement⁸, and later released on bail⁹. The allegations against Siemens, slush funds, embezzlement of company money, and bribery to win contracts. All of the alleged¹⁰ activities took place before Kleinfeld became Siemens CEO in 2005. And through all the turmoil¹¹, company performance has remained strong. On Tuesday, the company posted better than expected preliminary second quarter earnings¹². Klaus Kleinfeld remains¹³ popular among most Siemens shareholders.

Klaus Kleinfeld’s numbers are good. I see no reason for him to step down. There was no wrongdoing. At least it was never proven, says Klaus Nieding of the German Shareholders Union.

Last Friday, band chairman of the Siemens supervisory board, Heinrich Von Pierer announced he would step down in a bid to get the company out of the headlines, he said. Von Pierer , who was Siemens CEO from 1992 to 2005, was the first top level Siemens executive to step down in relation to the allegations. Jermyn Brooks¹⁴ of Transparency International says he believes the coming month will continue to be difficult for Siemens Corporate¹⁵ reputation.

It's gonna be very complex, there are investigations¹⁶, not just in Germany, but they will be taken up in the United States. And we know that it is very difficult for companies from previous experience. We know it’s very difficult for companies themselves to be fully¹⁷ in control of that process.

But Klaus Kleinfeld will no longer be in charge of that process. It’s only two years at the helm of the company. He will step down at the end of September.

As CEO, Klaus Kleinfeld spearheaded the investigation into the bribery allegations at Siemens. He hired outside investigators¹⁸ to help bring the truth to light, he says. And one thing, he says he want to make abundantly clear he believes he’s done nothing wrong.

Frederik Pleitgen, CNN, Berlin.

NOTES:

1. embezzlement

Fraudulent appropriation¹⁹, for one's own use, of property lawfully²¹ in one's possession; type of larceny²². Embezzlement is often associated with bank employees, public officials, or officers of organizations, who may in the course of their lawful²⁰ activities come into possession of property, such as money, actually owned by others.

2. spearhead v.

to lead an attack or organized action:

3. slush fund

A fund (or something similar) that does not have a designated purpose. These types of funds are often illegal,especially:
A fund raised by a group for corrupt⁴ practices, such as bribery or graft²³.

1 implicated   

adj.密切关联的；牵涉其中的

参考例句：

• These groups are very strongly implicated in the violence. 这些组织与这起暴力事件有着极大的关联。 来自《简明英汉词典》
• Having the stolen goods in his possession implicated him in the robbery. 因藏有赃物使他涉有偷盗的嫌疑。 来自《现代汉英综合大词典》

2 bribery   

n.贿络行为，行贿，受贿

参考例句：

• FBI found out that the senator committed bribery.美国联邦调查局查明这个参议员有受贿行为。
• He was charged with bribery.他被指控受贿。

3 shareholders   

n.股东( shareholder的名词复数 )

参考例句：

• The meeting was attended by 90% of shareholders. 90%的股东出席了会议。
• the company's fiduciary duty to its shareholders 公司对股东负有的受托责任

4 corrupt   

v.贿赂，收买；adj.腐败的，贪污的

参考例句：

• The newspaper alleged the mayor's corrupt practices.那家报纸断言市长有舞弊行为。
• This judge is corrupt.这个法官贪污。

5 corruption   

n.腐败，堕落，贪污

参考例句：

• The people asked the government to hit out against corruption and theft.人民要求政府严惩贪污盗窃。
• The old man reviled against corruption.那老人痛斥了贪污舞弊。

6 investigation   

n.调查，调查研究

参考例句：

• In an investigation,a new fact became known, which told against him.在调查中新发现了一件对他不利的事实。
• He drew the conclusion by building on his own investigation.他根据自己的调查研究作出结论。

7 custody   

n.监护，照看，羁押，拘留

参考例句：

• He spent a week in custody on remand awaiting sentence.等候判决期间他被还押候审一个星期。
• He was taken into custody immediately after the robbery.抢劫案发生后，他立即被押了起来。

8 embezzlement   

n.盗用，贪污

参考例句：

• He was accused of graft and embezzlement and was chained and thrown into prison.他因被指控贪污盗窃而锒铛入狱。
• The judge sent him to prison for embezzlement of funds.法官因他盗用公款将其送入监牢。

9 bail   

v.舀（水），保释；n.保证金，保释，保释人

参考例句：

• One of the prisoner's friends offered to bail him out.犯人的一个朋友答应保释他出来。
• She has been granted conditional bail.她被准予有条件保释。

10 alleged   

a.被指控的，嫌疑的

参考例句：

• It was alleged that he had taken bribes while in office. 他被指称在任时收受贿赂。
• alleged irregularities in the election campaign 被指称竞选运动中的不正当行为

11 turmoil   

n.骚乱，混乱，动乱

参考例句：

• His mind was in such a turmoil that he couldn't get to sleep.内心的纷扰使他无法入睡。
• The robbery put the village in a turmoil.抢劫使全村陷入混乱。

12 earnings   

n.工资收人；利润，利益，所得

参考例句：

• That old man lives on the earnings of his daughter.那个老人靠他女儿的收入维持生活。
• Last year there was a 20% decrease in his earnings.去年他的收入减少了20%。

13 remains   

n.剩余物，残留物；遗体，遗迹

参考例句：

• He ate the remains of food hungrily.他狼吞虎咽地吃剩余的食物。
• The remains of the meal were fed to the dog.残羹剩饭喂狗了。

14 brooks   

n.小溪( brook的名词复数 )

参考例句：

• Brooks gave the business when Haas caught him with his watch. 哈斯抓到偷他的手表的布鲁克斯时，狠狠地揍了他一顿。 来自《简明英汉词典》
• Ade and Brooks exchanged blows yesterday and they were severely punished today. 艾德和布鲁克斯昨天打起来了，今天他们受到严厉的惩罚。 来自《简明英汉词典》

15 corporate   

adj.共同的，全体的；公司的，企业的

参考例句：

• This is our corporate responsibility.这是我们共同的责任。
• His corporate's life will be as short as a rabbit's tail.他的公司的寿命是兔子尾巴长不了。

16 investigations   

（正式的）调查( investigation的名词复数 )； 侦查； 科学研究； 学术研究

参考例句：

• His investigations were intensive and thorough but revealed nothing. 他进行了深入彻底的调查，但没有发现什么。
• He often sent them out to make investigations. 他常常派他们出去作调查。

17 fully   

adv.完全地，全部地，彻底地；充分地

参考例句：

• The doctor asked me to breathe in,then to breathe out fully.医生让我先吸气，然后全部呼出。
• They soon became fully integrated into the local community.他们很快就完全融入了当地人的圈子。

18 investigators   

n.调查者，审查者( investigator的名词复数 )

参考例句：

• This memo could be the smoking gun that investigators have been looking for. 这份备忘录可能是调查人员一直在寻找的证据。
• The team consisted of six investigators and two secretaries. 这个团队由六个调查人员和两个秘书组成。 来自《简明英汉词典》

19 appropriation   

n.拨款，批准支出

参考例句：

• Our government made an appropriation for the project.我们的政府为那个工程拨出一笔款项。
• The council could note an annual appropriation for this service.议会可以为这项服务表决给他一笔常年经费。

20 lawful   

adj.法律许可的，守法的，合法的

参考例句：

• It is not lawful to park in front of a hydrant.在消火栓前停车是不合法的。
• We don't recognised him to be the lawful heir.我们不承认他为合法继承人。

21 lawfully   

adv.守法地，合法地；合理地

参考例句：

• Lawfully established contracts shall be protected by law. 依法成立的合同应受法律保护。 来自口语例句
• As my lawfully wedded husband, in sickness and in health, till death parts us. 当成是我的合法丈夫，无论疾病灾难，直到死亡把我们分开。 来自电影对白

22 larceny   

n.盗窃（罪）

参考例句：

• The man was put in jail for grand larceny.人因重大盗窃案而被监禁。
• It was an essential of the common law crime of larceny.它是构成普通法中的盗窃罪的必要条件。

23 graft   

n.移植，嫁接，艰苦工作，贪污；v.移植，嫁接

参考例句：

• I am having a skin graft on my arm soon.我马上就要接受手臂的皮肤移植手术。
• The minister became rich through graft.这位部长透过贪污受贿致富。