Siemens CEO intent on fighting for his job at Wednesday meeting: paper

FRANKFURT (Reuters) - Siemens Chief Executive Peter Loescher plans to fight for his job at Wednesday's supervisory board meeting, a German newspaper said, despite the German industrial group saying at the weekend that it will sack him. Siemens, Germany's No. 2 company by market value, shocked markets on Thursday when it scrapped its 2014 profit margin targets, its second profit warning this year. Citing company sources, Sueddeutsche Zeitung said on Monday that Loescher was only willing to resign if Chairman Gerhard Cromme, who hired him six years ago, also quit. ...

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