Offering regional and national programs, CIO (and CSO) events bring together some of the most respected names and thought leaders in information technology and security. Presented by CIOs and other senior level executives, these invitation-only programs offer timely topics and strong networking. Learn More »
Public Council Teleconference: Application Rationalization — Hidden Costs and Smart Decisions
November 17 at 11:00 am US/Eastern (GMT-5)
Join Honorio Padrón, of The Hackett Group, who will share the drivers for companies to tackle application rationalization and the results of research that define the hidden cost of complexity. Additionally, we will discuss key decision milestones—to start or not, holding the course steady and fulfilling expectations.
Virtual Desktop Cost-Benefit Analysis — Michael Jacobs, Catlin Group
The analysis contained in this presentation measures the cost of everything from the machines and licenses to the infrastructure for virtual vs. traditional desktop environments.
Honor your best senior team members - Apply for the CIO Ones to Watch Award
Get well-earned public recognition for your top up-and-coming team members, your IT organization and your enterprise. Award winners will be announced, publicized and feted in May 2010, great timing to help attract new IT recruits to your company.
Learn more about the CIO Executive Council »May 21, 2007 — IDG News Service (Beijing Bureau) —
Siemens on Sunday named Merck's Peter Loscher as its new president and CEO in the wake of recent scandals that have plagued the company.
Loscher, currently serving as president of global human health for Merck in New Jersey, will replace Klaus Kleinfeld on June 30. In April, Kleinfeld told Siemens' supervisory board that he was stepping down, choosing not to renew his contract, due to expire on Oct. 1. Prior to joining Merck, Loscher served on the corporate executive council of Siemens rival General Electric.
The native Austrian joins Siemens in the wake of investigations into bribery allegations by authorities in Germany and the United States, including the U.S. Securities and Exchange Commission and U.S. Department of Justice. In March, German police arrested Siemens board member Johannes Feldmayer as part of their investigation into the alleged bribery of the head of a German labor organization.
Kleinfeld has denied wrongdoing, and no charges have been filed against him. The investigations are ongoing.
Despite the taint of corruption, Siemens' most recent financial results indicate the company is on the right track. In April, the company reported a 36 percent increase in net income for its fiscal second quarter, with 10 percent year-on-year growth.