Not surprisingly, Ferdinand Piech is claiming what is rightfully his (¨A chairman with no desire to leave office¨ Financial Times, December 17, 2006), the Chairmanship of Volkswagen.
No matter what he has said in the past, his family history at Volkswagen and Porsche is too long and important to him to let anything as unimportant as governance standards or fairness to all shareholders to get in the way.
If he can find a way to keep his heritage, make no mistake, he will do so.
Onésimo Alvarez-Moro
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To be supervisory board chairman of a large blue-chip company in Germany is “to be at the centre of power and decision-making”, says a senior incumbent.
“The chairman controls everything and decides what is discussed and when, and all the other members of the board sit there and may as well twiddle their thumbs,” the chairman, a member of other supervisory boards, points out.
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See past Articles:
Porsche chief defends VW stake
Large VW investors criticise Porsche deal
VW directors rebel over Porsche plan
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