Porsche’s embattled CEO looks set to receive €$100 Million “golden parachute” payout after a takeover by Volkswagen, a press report reported yesterday. Despite numerous refutes by Porsche, several news reports in recent days have reported that after 16 years at the helm of Porsche, during which he has turned the firm around, Wiedeking’s days are ending. Wiedeking had Porsche chalk up a huge heap of debt after his attempt to take control of the much larger Volkswagen, and now Volkswagen has turned the tables by looking to acquire Porsche. Under Volkswagen’s proposals, the Porsche and Piech family owners of both firms would hold 50% in the new company, Spiegel said, with the state of Lower Saxony owning 20% and Qatar between 14.9% – 19.9%.
No related posts.
Related posts brought to you by Yet Another Related Posts Plugin.
Loading ...
{ 0 comments… add one now }