When SAP AG changed leadership in 2010, the software maker had just been through its first major job cuts in 38 years, clients were upset with price increases, and analysts considered the company a takeover target.
German Chancellor Angela Merkel appointed Henning Kagermann, the former chief executive officer of SAP AG who is now president of the Deutsche Akademie der Technik, to head a steering group on science and innovation, her office said.
SAP AG, the largest maker of business-management software, agreed to buy SuccessFactors Inc. for $3.4 billion in cash, stepping up competition with archrival Oracle Corp. in the cloud-computing market.
Oracle Corp. may not show jurors testimony by former SAP AG Chief Executive Officer Leo Apotheker during a trial over illegal software downloads made by a now- defunct SAP unit, David Boies , Oracle’s trial lawyer, said.
SAP AG’s new co-chief executive officers Bill McDermott and Jim Hagemann Snabe are rushing to beat Oracle Corp. in software for wireless Internet transactions with a $5.8 billion acquisition of Sybase Inc.
Nokia Oyj’s board has stayed in the background as the company’s shares plummeted 67 percent in the three years since Apple Inc. started selling the iPhone. Pressure has been building on directors to act.