Daimler-Benz chairman calls for new balance between maximizing profits and social responsibility; Juergen Schrempp receives Vernon A. Walters award.NEW YORK--(BUSINESS WIRE)--June 6, 1996--Daimler-Benz Managing Board Chairman Juergen E. Schrempp was presented with the 1996 Vernon A. Walters Vernon A. Walters (January 3, 1917 – February 10, 2002) was a United States Army officer and a diplomat. Most notably, he served from 1972 to 1976 as Deputy Director of Central Intelligence and from 1985 to 1989 as the United States Ambassador to the United Nations. Award today in New York Today in New York is WNBC-TV's pre-Today newscast, also post-Today on weekends, airing from 5 AM to 7 AM weekdays with the local news cut ins being branded as such. . With this award, now presented for the fourth time, the Atlantik-Bruecke (Bonn and Berlin) and the Armonk Institute of New York honor contributions toward the fostering of German-American relations. The award is named for Vernon A. Walters, the U.S. Ambassador to Germany at the time of reunification re·u·ni·fy tr.v. re·u·ni·fied, re·u·ni·fy·ing, re·u·ni·fies To cause (a group, party, state, or sect) to become unified again after being divided. . Atlantik-Bruecke and the Armonk Institute have made it one of their objectives to improve the understanding of German history and current affairs through support of American schools. Previous winners of Vernon A. Walters Awards are the chairman of General Motors, Louis R. Hughes, in 1993; the chairman of the BMW BMW in full Bayerische Motoren Werke AG German automaker. Founded as an aircraft engine manufacturer in 1916, the company assumed the name Bayerische Motoren Werke and became known for its high-speed motorcycles in the 1920s. Supervisory Board, Eberhard von Kuenheim, in 1994; and the Managing Board chairman of Hoechst AG, Juergen Dormann, in 1995. In his speech, Juergen E. Schrempp emphasizes the singular importance of the Transatlantic Community. Besides its formal institutions, such as NATO NATO: see North Atlantic Treaty Organization. NATO in full North Atlantic Treaty Organization International military alliance created to defend western Europe against a possible Soviet invasion. and OECD OECD: see Organization for Economic Cooperation and Development. , it continues to be a shared community of values that, after the fall of the Berlin Wall, remains key to social and economic well-being. Varying experiences as well as economic and social circumstances make it possible to learn from one another, declared Schrempp. This also applies, he said, to the reciprocal relationship between social stability and economic dynamism: "Germany does indeed need more dynamism at the moment. But, this does not mean giving up the important social gains made in Germany Made in Germany is a merchandise mark indicating that a product has been manufactured in Germany. History The label was originally introduced to Britain by the Merchandise Marks Act 1887 to the detriment of long-lasting stable growth." "The postwar German consensus system was extremely successful. Nevertheless, it must be adapted to changing circumstances," Schrempp emphasized. Although only a few years ago the German system appeared to many Americans to be an exemplary model, now the United States is once again the economic leader in technological innovations. Schrempp: "The German leaders in business, politics, and society definitely see the need for profound changes. I am optimistic that now the right steps are being taken." CONTACT: Daimler-Benz North America Corp. Bernhard Harling, 212/909-9717 |
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