Siemens Goes Mega

The loss of CEO Klaus Kleinfeld won't derail his plan to make it the world's infrastructure source

Thorsten Futh / laif for TIME

Two Siemens employees are checking open gap measurements in the final assembly of the turbine plant in Berlin-Moabit.

Klaus Kleinfeld had a solution to one of the world's pressing problems. For the first time in human history, more people live in cities than in a rural environment. This massive urbanization is taxing public infrastructure, such as roads, railways, health-care systems, power networks and water resources. In the old industrial countries, infrastructure is aging. In the developing world, the infrastructure needed to sustain a modern economy often doesn't exist. A study by Booz Allen Hamilton concludes that from now until 2030, the world will spend $41 trillion just to maintain infrastructure at current levels. Kleinfeld, 49, the CEO of Siemens,...

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