Peter Hartz (born 9 August 1941 in Sankt Ingbert), was the human resources executive at the German public company Volkswagen AG (VW). Twenty percent of Volkswagen's shares are owned by the state of Lower Saxony. Hartz became notable as adviser to German chancellor and former head of the state of Lower Saxony Gerhard Schröder, with whom Hartz developed the so-called of the German labour market and job agencies - the German Hartz-reforms welfare benefit, 'Hartz IV', is named after the fourth stage of his reforms.
Resignation [ edit ]
On 8 July 2005
Hartz offered his resignation (which was accepted a few days later) amidst allegations of wrongdoings in his area of responsibility at [1 ] Volkswagen, which include :
Volkswagen managers from bogus companies doing real estate business with Volkswagen, especially at the Czech subsidiary Škoda Auto; favours to members of the
workers council ( Betriebsrat), which are illegal under German law (the chairman of the workers council, Klaus Volkert, had resigned 30 June 2005), and; the use of
prostitutes at the company's expense, sometimes in company-owned apartments and under the influence of Viagra, which had been prescribed by the company's medical service.
Conviction [ edit ]
Following a deal with the prosecution, Hartz confessed to the charges, and on 25 January 2007, he was convicted to a prison term of 2 years, but set free on probation, and to a fine of 576.000 Euro.
[2 ] [3 ]
References [ edit ]
^ press release/statement of Peter Hartz (in German)
^ BBC NEWS | Business | Former VW boss admits corruption
^ Arbeitsmarktreform: Hartz IV soll nicht mehr nach Hartz heißen - Politik - SPIEGEL ONLINE - Nachrichten
See also [ edit ]