4 ms·

Right now not even the former CEO Martin Winterkorn (who resigned after "taking responsibility" for VW's fraud) has been fired: http://uk.reuters.com/article/uk

by Kristine1975 11y ago

Right now not even the former CEO Martin Winterkorn (who resigned after "taking responsibility" for VW's fraud) has been fired: http://uk.reuters.com/article/uk-volkswagen-management-idUKKBN0U02S020151217 http://uk.reuters.com/article/uk-volkswagen-management-idUKK... VW's former CEO to draw salary until December 2016 During almost nine years as CEO, Winterkorn amassed a pension pot of 28.6 million euros (21 million pounds) and last year was the highest-paid CEO among the heads of companies listed on Germany's DAX-30 blue-chip index with remuneration of about 16 million euros.

kuschku 11y ago
That’s hard to do if you can’t prove the CEO was directly involved.
- yrro 11y ago
  He should be fired for incompetence, as should every person in the chain of command between him and the highest-level person who is fired for actually committing fraud.
  - deleted 11y ago
    [deleted]
  - kuschku 11y ago
    He’s already under investigation, but you can’t fire him until that’s proven. Letting him resign allows VW to rebuild a lot earlier.
URSpider94 11y ago
No, he was fired, he just continues to get paid. This would be true for almost any worker in Europe, unless you could prove in court that he/she had been grossly incompetent -- and such a case could drag on for years and cost as much as the severance pay.
- mcv 11y ago
  Was he fired? I thought he just swapped positions with the CEO of Porsche.
mcv 11y ago
"Taking responsibility" means very little these days. The problem with corporations is that nobody is truly responsible for any crimes committed by the company. If the people responsible were to actually go to prison or pay any fines out of their own pockets, then I suspect they would be a lot more careful. Any fines paid by the company itself, no matter how crippling, eventually only really hurts the workers (because they're downsized), the customer (higher prices to cover the extra cost) or even shareholders (sometimes that may be appropriate, sometimes not). Ultimately higher management remains in control, and no matter how guilty they are, they invariably end up being the ones to decide who really gets punished here.

kuschku 11y ago

That’s hard to do if you can’t prove the CEO was directly involved.

yrro 11y ago
He should be fired for incompetence, as should every person in the chain of command between him and the highest-level person who is fired for actually committing fraud.
- deleted 11y ago
  [deleted]
- kuschku 11y ago
  He’s already under investigation, but you can’t fire him until that’s proven. Letting him resign allows VW to rebuild a lot earlier.

URSpider94 11y ago

No, he was fired, he just continues to get paid. This would be true for almost any worker in Europe, unless you could prove in court that he/she had been grossly incompetent -- and such a case could drag on for years and cost as much as the severance pay.

mcv 11y ago
Was he fired? I thought he just swapped positions with the CEO of Porsche.

mcv 11y ago

"Taking responsibility" means very little these days. The problem with corporations is that nobody is truly responsible for any crimes committed by the company. If the people responsible were to actually go to prison or pay any fines out of their own pockets, then I suspect they would be a lot more careful. Any fines paid by the company itself, no matter how crippling, eventually only really hurts the workers (because they're downsized), the customer (higher prices to cover the extra cost) or even shareholders (sometimes that may be appropriate, sometimes not). Ultimately higher management remains in control, and no matter how guilty they are, they invariably end up being the ones to decide who really gets punished here.