Publishing board member salaries, thinning the ranks, rolling up the sleeves and cutting down on the excess -- sounds like the handiwork of a brilliant politician... except that Dieter Zetsche gets more done.

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.

I'm reporting this comment as:

Reported comments and users are reviewed by Autoblog staff 24 hours a day, seven days a week to determine whether they violate Community Guideline. Accounts are penalized for Community Guidelines violations and serious or repeated violations can lead to account termination.

    • 1 Second Ago
  • From Our Partners

    You May Like
    Links by Zergnet
    Cars for Sale Near You

    Share This Photo X