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Gold/Mining/Energy : Big Dog's Boom Boom Room -- Ignore unavailable to you. Want to Upgrade?

To: Bearcatbob who wrote (192649)	9/22/2015 12:44:25 AM
From: Elroy Jetson	Respond to of 206085

70,000 Volkswagen employees work in Wolfsburg where they are headquartered. It's not possible to keep secrets long-term in that setting - at least in the absence of an intimidating autocrat. As Michael Horn, CEO of Volkswagen America said today, “Our company was dishonest; we screwed up and will pay what we have to pay.” Former VW Chairman Ferdinand Piëch, the tyrant pictured on the far-right in the artwork below, certainly knew about the diesel emissions problem and hid it until the Board likely learned of the full extent of this five months ago. Piëch was voted out as Chairman of Volkswagen Group on April 25, 2015 when the Board said, ""the mutual trust necessary for successful cooperation was no longer there." Ferdinand Piëch, the 78 year old Austrian grandson of the founder of Porsche, had become famous for firing one Volkswagen/Porsche/Audi CEO after another - and fathering 12 children with four different women. In trying to have current VW CEO Martin Winterkorn fired, His cousin Wolfgang Porsche, who also represents the Porsche family's 51% stake in VW, and the rest of the Board voted against Piëch. Both Piëch and his current wife lost their seats on the Board. There was a mighty reason for that. "Ludwig's Heritage" - left to right: Utz Claassen (McKinsey, Ford, VW, EnBW Power), Daimler CEO Dieter Zetsche, former VW Chairman, Ferdinand Piëch, bottom: media magnate Leo Kirch