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VW CEO stepped down after the emissions scandal :- https://www.evo.co.uk/volkswagen/16715/martin-winterkorn-steps-down-as-volkswagen-ceo-in-wake-of-emissions-sc

by Zenst 7y ago

VW CEO stepped down after the emissions scandal :- https://www.evo.co.uk/volkswagen/16715/martin-winterkorn-steps-down-as-volkswagen-ceo-in-wake-of-emissions-scandal https://www.evo.co.uk/volkswagen/16715/martin-winterkorn-ste... BMW also got fined and caught up in doing the same emissions scandal :- https://www.independent.co.uk/news/world/europe/car-emissions-scandal-bmw-volkswagen-daimler-charge-eu-a8856806.html https://www.independent.co.uk/news/world/europe/car-emission... Yet it took this for the BMW CEO to step aside!

Thorrez 7y ago
>BMW also got fined and caught up in doing the same emissions scandal : That seems quite different from what VW did. VW made it so emissions were good during testing but bad during regular driving. That article says BMW (and others) colluded to make emissions bad all the time. When emissions are bad all the time, the testers are not being fooled about how the emissions actually look.
superpermutat0r 7y ago
Stepping aside is the finest display of lack of skin in the game. Something fails, you can just leave, while not returning any of the bonuses you "earned" for your "finest" work.
- Zenst 7y ago
  Maybe and the point about bonuses is so sadly true, but then they are never negative when things fail, maybe they need to swing both ways in such positions and install a truer sense of accountability. Perhaps another way of implementing that would be that bonuses are held in escrow for a number of years, the employee is allowed to get interest free loans against those escrow bonuses up to a point perhaps, yet those bonuses will equally be open to adjusting for bad years. Which reminds me of the reinsurance industry and names, those who invest. Even when they leave, they are still liable for future claims for a number of years, a notice period. That's fair and works.

by Zenst 7y ago

Thorrez 7y ago

>BMW also got fined and caught up in doing the same emissions scandal : That seems quite different from what VW did. VW made it so emissions were good during testing but bad during regular driving. That article says BMW (and others) colluded to make emissions bad all the time. When emissions are bad all the time, the testers are not being fooled about how the emissions actually look.

superpermutat0r 7y ago

Stepping aside is the finest display of lack of skin in the game. Something fails, you can just leave, while not returning any of the bonuses you "earned" for your "finest" work.

Zenst 7y ago
Maybe and the point about bonuses is so sadly true, but then they are never negative when things fail, maybe they need to swing both ways in such positions and install a truer sense of accountability. Perhaps another way of implementing that would be that bonuses are held in escrow for a number of years, the employee is allowed to get interest free loans against those escrow bonuses up to a point perhaps, yet those bonuses will equally be open to adjusting for bad years. Which reminds me of the reinsurance industry and names, those who invest. Even when they leave, they are still liable for future claims for a number of years, a notice period. That's fair and works.