Status: 11/04/2016 00:01
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No bonuses for VW bosses that calls Prime Minister Weil.
in the dispute over bonus payments at Volkswagen wants to reach the state of Lower Saxony, that the Executive Board waived completely or at least largely on premiums. Prime Minister Stephan Weil (SPD) wants to make to information from the Search grouping of NDR, WDR and “Süddeutsche Zeitung” at the meeting of the presidential in Wolfsburg today strongly advocate that the multi-million dollar bonuses will not be paid.
VW Chef Müller suggests shortening before
VW CEO Matthias Müller had previously only brought against the “Bild am Sonntag” a reduction of compensation by 30 percent into play. This would make the nine board members concern, but in 2015 retired top managers such as ex-CEO Martin Winterkorn. According to information from the Search grouping have VW CEO Müller as well as other fellow board members are entitled to bonuses of 2.5 million euros and more – in spite of the gas scandal. For the calculations of premiums based on the developments of the past two to four years. And 2012 to 2014. The Group drove a sizeable profits. The bonus payments are stipulated in the contract.
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Because: “It is also about morality”
Lower Saxony Prime Minister Weil has on the subject bonuses has not directly expressed. On the SPD state party conference in Braunschweig Weil came on Saturday but to talk to the VW-crisis generally. The group should not only operate Mitigation. “It is also about morality,” said the Prime Minister. He stressed that the country “for a comprehensive realignment as a model enterprise not only in economic terms” insets. The state of Lower Saxony is one of three main shareholders in Volkswagen.
‘More humility and modesty “at VW?
The bonuses for board members of VW were in recent days repeatedly topic. Already last Tuesday of the VW board had a controversial discussion, reported the “Bild” newspaper. Here some managers have held special payments because of the crisis for inappropriate, others would have insisted on the payment of bonuses. “Spiegel Online” reported on Thursday that the top managers of VW would at best accept a reduction in their bonuses. Müller had asked in December in view that the Executive Board during the crisis at the bonuses “tighten their belts” will. He also warned that “a little more humility and modesty” Volkswagen anstehe well.
VW face large penalties
exhaust scandal at VW it was revealed in September last year. At that time VW had admitted to having built an illegal software in around eleven million vehicles of different brands of the Group, to curb harmful emissions in the test mode. Worldwide threaten the consolidated high penalties and compensation.
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