Speakers List 2012

Please check per speaker. You will find videos and presentations as far as agreed to be published.

Platzhalter Speakers
Peter Y. Solmssen

Member of the Managing Board and General Counsel of Siemens AG

Biography

Peter Y. Solmssen
Member of the Managing Board and General Counsel of Siemens AG

Born on January 24, 1955 in Philadelphia, PA, USA


Special responsibilities
Head of Corporate Legal and Compliance
Corporate Data Protection?
Americas


Education

Harvard University, Cambridge, MA, USA. A.B., magna cum laude
Oxford University, UK. Knox Fellowship?
University of Pennsylvania, Philadelphia, PA, USA. J.D., cum laude


Professional history
1980
Judge Clarence C. Newcomer, United States Federal District Court, Philadelphia, PA, USA
- Law Clerk


1982
Ballard, Spahr, Andrews & Ingersoll, Philadelphia, PA, USA
- Attorney Specializing in Securities Law


1989
Morgan, Lewis & Brocklus LLP, Philadelphia, PA, USA
Senior Partner Specializing in International Mergers & Acquisitions and
Securities Law


1998
General Electric Company (GE). GE Plastics, Pittsfield, MA, USA
- Vice President and General Counsel


2002
General Electric -GE Medical Systems, Waukesha, WI, USA
Vice President and General Counsel


2004
General Electric  GE Healthcare, Chalfont St. Giles, UK
- Executive Vice President and General Counsel

October 2007
Joined Siemens AG
Member of the Managing Board and General Counsel

Abstract

KEY MESSAGE

Shareholder value, stakeholder value – seen from the inside

Against the global backdrop of the limits to growth, the widening gap between rich and poor, and the volatility of the financial system, management focus on maximizing shareholder value has come into question. A different model has been offered as a better alternative: stakeholder value. It posits that balancing the interests of all stakeholders (shareholders, employees, customers, business partners, and communities) – for example, through mechanisms such as co-determination – is more likely to lead to long-term success. The speaker offers his observations as an executive who moved from one of the most successful American shareholder-value driven enterprises to a German corporation that by law and by culture is stakeholder focused.