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Siemens CEO Peter Löscher: A Company Is Only as Good as Its Values
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Siemens CEO Peter Löscher: A Company Is Only as Good as Its Values

Knowledge at Wharton·@HashtagPLUS·about 1 month ago
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It would be hard enough under any circumstances to become the first outsider named to lead a 161-year-old global conglomerate, but Peter Löscher faced a unique challenge last summer when he assumed the reins at Siemens AG — the German-based engineering and healthcare giant. The 49-year-old president and CEO of Siemens — who spoke recently at the Wharton Leadership Lecture series — openly acknowledged that his first and most difficult task after taking the job last July was dealing with the aftermath of a scandal that included allegations of bribes to foreign governments and union leaders. Löscher said he has moved aggressively to change the firm’s culture and standards. “Corruption exists in the whole world; but it’s not our marketing plan,” Löscher told the Wharton audience.…

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