Good to see that management are taking their boards seriously and, if necessary, wondering about their positios.
Onésimo Alvarez-Moro
See article:
Bernd Pischetsrieder admitted yesterday his position as chief executive of Volkswagen would be at risk if labour representatives on the supervisory board failed to back him, after his chairman said all 10 of them were against him.
But Mr Pischetsrieder insisted the uproar would not stop him from pursuing a restructuring plan at the German carmaker, which is unpopular with unions because it could mean up to 20,000 job losses.
Ferdinand Piëch, VW's controversial supervisory board chairman, provoked anxiety at the top of the company by telling the Wall Street Journal a contract extension for Mr Pischetsrieder was an "open issue" as all 10 labour representatives - out of a 20-strong supervisory board - were against it.
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