Friday, April 17, 2015

Comment; Winterkorn poisoned Triumph – FAZ – Frankfurter Allgemeine Zeitung

      

 
 
 
 
 
     
 
 
 
 
 
 
 
 
         

 
 
 
 
 
          Martin Winterkorn has prevailed – for now. But so far, VW patriarch Ferdinand Piech has still not reached its goals.
     

 
                                              

 
 
     
     
     
         
         
                                                             

What’s missing now is a set of Salzburg: Ferdinand Piech, chairman of Volkswagen and chief author of lasting for a week earthquake in the management level of the Group could let them know that overall feel is enlarging distance from his CEO Martin Winterkorn is nothing but a misunderstanding and that a magazine has hyped up a set to an epicenter of the quake, an unfortunate incident. This kind is, as of now, did not happen.


                         
         
         
                                                             
                             

Frank Holger Appel Author: Frank Holger Appel, editor in business, responsible editor responsible for “outside” the Frankfurter Allgemeine Zeitung

Was in the world of business probably unique process, however, neither chance nor accident, should the statement follow: Ferdinand Piëch retires from the Supervisory Board Chairman and focuses then on the sweet life in the bulk, that property in the Salzburg, which he described as a refuge for the family, “somehow ritually a meeting point of the Piëch and Porsche families is “. The statement did not follow, they will probably not follow. The last chapter of the recent Volkswagen saga is not yet written.


                         
         
         
                                                             

In Salzburg remarkable happened on Thursday afternoon. The Presidium of the Supervisory Board, therefore, six decisive influence, gathered for a meeting, what we know so far, after all, with the disempowerment winter grain should end. And because Piëch has always prevailed in the past decades as directors, supervisors and co-owner of VW his ideas, hardly anyone even bet a dime on Winterkorn’s whereabouts in the management team. Listen up, however, was the spread of this newspaper on Thursday afternoon message Winterkorn give up never beaten, but rather travel with the demand for Austria to extend his current contract until 2016.


                         
         
         
                                                             

So it came. With a bang of a similar impact as a week before the attack on Friday announced the company: “The Bureau of the Supervisory Board of Volkswagen AG notes that Martin Winterkorn, Chairman of the Board is the best possible for Volkswagen. The Bureau will propose to extend the contract in the February Board meeting of the year 2016 “You pay attention to what is not there. Unanimously. Although the legal construction provides that the Council could not even Piëch Wolfgang Porsche, the other major shareholders can be overruled. But what are the lines of resistance and rotten compromise where run, does not penetrate to the outside. Even Winterkorn has to rely on what is reported to him, for he was the decisive meeting while on site, but did not before. The defense of the Lower Saxony state government, council and Porsche was anyway agree: This gift they wanted Piëch not do on the eve of his 78th birthday

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If you wanted to exclude all this, April 17, 2015 will go down as a second birthday Winterkorn in the company’s history, knows the old man, as they call it awesome, bad. It is not yet clear whether Piëch takes more damage beyond the day. The only certainty is that Winterkorn never more so untouched will be able to work as before. The momentum is hard to stop, perceived or real problems have been addressed in recent days by the dozen. Business in the Americas lame next? Piëch has yet always known. China is losing momentum? Was clear. The golf loses a comparison test? Clearly Winterkorn error. In the background of his services, his years of success, his manner, his former mentor to think like in cars back.


                         
         
         
                                                                                                                                                                                                                              

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recedes into the background, despite denials further substantiated existing suspicion Piëch was there in the first place even did not concern entrepreneurial deficits, but to heave his wife Ursula to the post of chairman. The controversy raged and raged, the Porsche family resists this request. Certainly less than ever before is now answered, who should lead the controlling body one day. Winterkorn was or had even intended. This plan should have done himself.


                         
         
         
                                                             

In the circle of the Crown Prince, the excitement is hardly place. A few were proclaimed, led by the Chief Executive Officer of Porsche, Matthias Müller. He is lucky not to have taken to the game itself. That he publicly many trust the job in the management team, but he can not.


                         
         
         
                                                             

No one shall be on safe ground. There is a precedent. His time was CEO Bernd Pischetsrieder. Brought to you by Piëch, the count of Piëch on the way through the media, provided by the Supervisory Board with a new contract, fired three months later. Any applicable severance payments in the millions are nothing that could scare a Ferdinand Piëch. At Winterkorn, the Patriarch of Salzburg has committed a foul and rude should have received a yellow card. The will not let him rest.


                         
         
         
                                                                                   

 
  

 
 
 
                       

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Winter grain poisoned triumph

From Holger Appel

Martin Winterkorn remains Volkswagen CEO Ferdinand Piëch has committed a rude foul. But the old man, as they call it awesome, will not rest. And there is a precedent. A comment.
  

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