Corporate Shake-up Deutsche Telekom Looks for New Leadership

Deutsche Telekom has been bleeding customers this year and announced last week a 20 percent decline in third-quarter profits. As part of a corporate reshuffling, CEO Kai-Uwe Ricke has been in the process of laying off 32,000 employees. Now he's one of them. Rene Obermann, head of the company's mobile unit, is taking his place.