Quote of the day
Sensitivity training needed
Saxony’s regional broadcaster MDR Sachsen is facing tongue-lashings over a radio show on racism and “political correctness” it planned to broadcast. “Are you allowed to still say the word 'Negro' today?” read a tweet promoting a panel talk of exclusively white German speakers, including far-right politician Frauke Petry. The show was canceled after two panelists backed out, with MDR issuing an apology for the “question intended as rhetoric.”
Graph of the day
CEO turnover is rising on a global scale, but in Germany, the top boardroom spot is even more prone to musical chairs. Since 2000, there have been 76 CEOs in charge of 20 DAX-traded companies. Deutsche Bank and VW's bosses just got booted last week. Although markets react positively to new leadership, international research finds that CEO turnover has no distinct effect on a company's success (sorry, Deutsche and VW).
Photo of the day
Spears of joy
In Germany, the start of asparagus season is celebrated with outdoor parties that ooze tradition and hollandaise sauce. In the state of Brandenburg near Berlin, this year kicked off with the “Asparagus Queen“ and her handmaidens in a frolicking photo opp. “Spargelsaison“ traditionally runs from mid-April to June 24, as restaurants across the country serve nature's white gold (not green) with boiled peeled potatoes, ham and butter. Source:
Number of the day
German unions and employers ended wage talks early on Wednesday, with 2.3 million public-sector workers getting a pay raise of about 7.5%. The increase is spread over two-and-a-half years, preventing further walkouts after flights, garbage collection and nurseries were hit nationwide last week. The deal will cost the federal government around $2.7 billion per year, and should make public service a more attractive career path.