Sunday, April 12, 2015

What drives Ferdinand Piëch? – FAZ – Frankfurter Allgemeine Zeitung

      

 
 
 
 
 
     
 
 
 
 
 
 
 
 
         

 
 
 
 
 
          Here the world still seemed in order: Martin Winterkorn (left) and Ferdinand Piëch at a general meeting
     

 
                                              

 
 
     
     
     
         
         
                                                             

Ferdinand Piëch like big public appearances not very. He did not she also needs to make a big difference. Usually it takes is a single sentence, a small but deliberate indiscretion. And the guillotine falls.


                         
         
         
                                                             
                             

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“I know of no other company in Germany, where anyone can survive with ten employees’ counter-voices”, this is one of those devastating sentences Piëch. Fell in 2006, referring to CEO Bernd Pischetsrieder and was particularly insidious: Piëch, who as chairman of the board has the power over his management, debt pushed the sacking of the chief workers in the shoes (which at VW always liked by the owners have be exploited) – and yet I know that he and only he dealt the killing blow. But then it took not long before Pischetsrieder was gone. Since 2007′s the CEO of Volkswagen Martin Winterkorn.


                         
         
         
                                                             

Now a sentence has fallen again. “I am to distance Winterkorn,” Piech was quoted in Spiegel Online on Friday. Such, treacherous harmless-sounding remark from the mouth of the Supervisory Board is a public destruction same. A CEO at which the chief warden takes its distance? The Abgekanzelte so it can only read the message, it was up to him to go the distance. And quickly resign, which then also all his hopes were buried, Piëch to inherit as chairman of the board later.


                         
         
         
                                                             

If there is at the forefront of German companies is someone who perfectly embodies the cool image of the Machiavellian prince, then it is the Austrian Ferdinand Piëch, grandson and heir of the legendary designer Ferdinand Porsche. Piëch has fun to fire people; no manager has released so many executives as (“I’ve never counted”). And he is also still that causes him to public execution lust. “This saves the company huge costs,” Piech was once years ago in a conversation with the FAS for the record, to add soothingly: “In addition, none has fallen on stone.” In fact, since there was no need for winter grain to worry. With an annual income of just under 16 million euros last Schwabe has for years been by far the highest earners among the Dax 30 top people.


                         
         
         
                                                             

Winterkorn, as can be heard, has felt the public humiliation as extremely unfair. “I will not let the farm hunt,” said one hears his voice from the VW Group. “I’m not someone who just throws in the towel.” In fact, is not yet clear whether everything is now run back to the familiar pattern. The patriarch coughs a few words – and the fate of his top manager is sealed

                         
         
         
         
             
                                                                      
 
 
 
 
 
     
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 


     
     

 
     
 

     
 
     
 
     

 
         
                                                                                                                                                                        © dpa
 
             

Piëch victims Pischetsrieder

 
             
 
             
 
                             
         
         
     


 

     

 

 
 


 
     
     
                 
                                 
                                                                             
                                                                                                                                                                               VW affair - Pischetsrieder
                 
                     
             
                                      Piëch victims Pischetsrieder
                     
     

     

 


 
                                 
                         
         
         
                                                             

Winterkorn can boast an impressive track record that is second to none. For this purpose and a few consolidated figures that put the present company with 2007 in relation, as Winterkorn took office. So in 2014 for the first time more than ten million vehicles were delivered, while there were seven years ago “only” 6.2 million. Revenue increased from 109 to 202 billion euros, the result from 6.4 to almost 18 billion, an increase of 280 percent.


                         
         
         
                                                             

Pride are the VW people to the fact that they had silently Porsche, Scania and MAN integrated. The allegation that the return on sales of VW brand lies with measly 2.5 percent instead of the planned 6 percent, you countered with a reference to inputs for the brands Porsche and Audi, the oppressed, the result artificially. For Porsche and Audi shiny stood there. Certainly, one can confront each with still more ambitious expectations and judged to make him the loser. But what really drives Piëch?


                         
         
         
         
             
                                                                      
 
 
 
 
 
     
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 

     
     

 
     
 

     
 
     
 
     

 
         
                                                                                                                                                                        © Thomas Koeh ler / photothek.net
 
             

dynastic principle? Ferdinand Piëch and wife Ursula

 
             
 
             
 
                             
         
         
     


 

     

 

 
 


 
     
     
                 
                                 
                                                                             
                                                                                                                                                                               Ferdinand and Ursula PIECH
                 
                     
             
                                      dynastic principle? Ferdinand Piëch and wife Ursula
                     
     

     

 


 
                                 
                         
         
         
                                                             

In addition, there are divided opinions. One such Piëch bears no power man next to him. As such, it would be very success and not failure, the winter grain over the years to an unreasonable demand has made. One such Piëch considers himself immortal, but for all other finite.


                         
         
         
                                                             

And as a Piëch (since he is in good company) can not and will not let go even at the age of 77 years. Would it even be necessary, he would have to follow someone he utterly familiar: someone like his wife Ursula. You should know: The VW Group, we know as a kind of semi-state company (the state of Lower Saxony holds 20.2 percent a blocking minority, and against the union’s nothing), became a family business since the failed takeover attempt by Porsche. The Piëch and Porsche families who call the shots with 50.7 percent. However, as in most good families, there is also the Piëch-Porsche clan much controversy, envy and resentment, which makes the succession to wife Ursula from Piëch’s view, only more urgent – a solution, however, that what you hear after all, the Porsche clan would find intolerable.

                         
         
         
                                                                                                                                                                      

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Does this interpretation to – Piëch denied as a sphinx any information – the launch Winterkorn would be a kind Spare act to deflect attention from the succession conflict. On Friday Piëch left the world hastily (and unfamiliar plaudersüchtig for him) know he would not think to enthrone Ursula, would “not by his wife govern”, and already had family members at the head of the supervisory board not belong. This one does not need to take at face value.


                         
         
         
                                                             

It is quite possible that is why the conflict between Winterkorn and Piëch will come to a head. After all, the head of VW has powerful allies on his side. The strong metal union is Winterkorn added immediately jumped in solidarity. And Lower Saxony’s Prime Minister Stephen Weil (SPD) let it be known that he was unpleasantly surprised by Piëch. Without Niedersachsen but Winterkorn can not be fired on the Board. Perhaps wants Piëch just destroy him publicly for that reason?


                                 

 
  
 
 
 
                       

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What drives Ferdinand Piëch?

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Ferdinand Piëch destroyed its CEO Martin Winterkorn in public. What does the VW patriarch cause it?

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