Siemens AG is considering selling its VAI metals technologies unit as Chief Executive Officer Joe Kaeser evaluates the portfolio of Europe’s largest engineering company, according to three people with knowledge of the matter.
Winfried Bausback, Bavaria’s justice minister, is considering changing the German state’s law to make it easier for the federal government to claim a collection of art allegedly seized by the Nazis and hoarded for decades in a Munich apartment block.
Germany is unlikely retroactively to extend the statute of limitations in order to prosecute Cornelius Gurlitt, the 80-year-old who hoarded artworks for half a century, Justice Minister Sabine Leutheusser-Schnarrenberger told Handelsblatt newspaper.
Ekkeheart Gurlitt has little good to say about his cousin Cornelius, who hoarded hundreds of works by artists such as Pablo Picasso and Marc Chagall for the past half century. There’s one positive thing, though, that he’ll tell you about the 80-year-old recluse: He saved the art.
Siemens AG’s Klaus Moosmayer has been appointed by the Organization for Economic Co-operation and Development’s business advisory committee as its anti-corruption taskforce head, drawing on the German company’s experience fighting graft.