International -- Readers Report
APPRENTICESHIP: A BOON TO GERMAN YOUTH (int'l edition)
Granted, there are problems with the German apprenticeship system ("Without training I can't start my real life," European Business, Sept. 2). However, even considering these structural and business-culture problems, it still provides a broad base of competency for most German youngsters. This has given Germany one of the lowest youth unemployment rates in Europe.
The apprenticeship program needs some major adjustments: quicker technological adaptation, improved collaboration between private businesses and state vocational schools, and less bureaucracy, to name a few. But with its dual approach, combining vocational school and practical experience within a company, the apprenticeship system will continue to offer German companies a competitive advantage in an increasingly global marketplace.
Gernsheim am Rhein
GermanyReturn to top
DIRECTORS' STOCK OWNERSHIP HAS DUBIOUS VALUE (int'l edition)
BUSINESS WEEK is right to be concerned over AT&T's decline in shareholder value ("AT&T faces hard calls," American News, Sept. 2). But your suggestion that AT&T's directors should own more stock to make them more sensitive to shareholder interests is dubious. Studies indicate most corporate directors are wealthy. Ownership of a few thousand company shares will not give them an instant "identity" with shareholders.
Harry J. Bruce
Winnetka, Ill.Return to top