Zetsche slices and dices in Stuttgart
In an effort to right the wrongs of the Jurgen Schrempp era, it's been reported that Zetsche will chop 8,000 jobs at Mercedes-Benz by mid-year and thin out another 6,000 DaimlerChrysler jobs worldwide by 2008. Now, according to The Car Connection, Zetche has announced that he has no problem publishing the salaries of his board members -- something taken for granted in the United States but a new, and somewhat contentious, development in German corporate law. For stockholders that have seen their dividends plummet during the Schrempp era, let's hope Dieter scores some brownie points with all of these new efforts.
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