Kaeser Is New King of Siemens - Presented by: The Aol. On Network

Siemens is good at engineering -- its products range from trains to gas turbines. But now the German conglomerate has engineered the departure of its own CEO. Peter Loescher was ousted four years before the end of his contract by the firm's supervisory board. Finance chief Joe Kaeser will take his job. His task -- turning around Germany's second-largest company by market value after two recent profit warnings.



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