3 ms·
It’s non-voting shares. It’s free money without any risk of losing control. The Volkswagen corporate structure is really confusing due to complex financial man
by theluketaylor 4y ago
It’s non-voting shares. It’s free money without any risk of losing control.
The Volkswagen corporate structure is really confusing due to complex financial maneuvering by the Porsche/Piech family over the past 20 years. 30% of Volkswagen AG is owned by Porsche SE (a holding company under the control of the Porsche/Piech family, not the car maker), but those shares are more than 50% of the voting shares. Volkswagen AG contain Porsche AG (the car maker).
Porsche has been a money printing machine for quite a while, so why not cash in with an IPO when there is 0 risk of losing control?
- Kukumber 4y agohttps://www.washingtonpost.com/business/porsche-and-volkswagen-have-the-worst-ever-ipo-timing/2022/09/06/cd9bfb18-2dca-11ed-bcc6-0874b26ae296_story.html https://www.washingtonpost.com/business/porsche-and-volkswag...
- nemothekid 4y ago>Porsche has been a money printing machine for quite a while, so why not cash in with an IPO when there is 0 risk of losing control? Even if its free, everyone who works there may now start to base their performance off the stock price.