Well, no it's not flawed. For one, he did mention that ASML and NXP flourished when freed from the bad management of Philips.
They merged with Gamesa in 2016 (more like Gamesa merged into Siemens).
https://www.reuters.com/business/siemens-supervisory-board-e...
My understanding was that they will completely split into many small parts, but it seems that they came to their senses.