The work-up of the diesel affair and the debate on managers’ bonuses now employ the tip of the VW supervisory board. A final decision on the amount of premiums is not yet covered by information from insiders.
Speaking various proposals for dealing are at the meeting of the Bureau of Information Supervisory sources said so. It stood ideas to reductions of 30 percent and more in the room. Conceivable is also to pay part of the bonuses in a foundation.
According to information from “Süddeutsche Zeitung”, NDR and WDR wants Lower Saxony Prime Minister Stephen Weil (SPD) prevent the meeting of the presidential bonus payments in the millions. Niedersachsen suppose here a tough stance, it was said from the group’s top management. The state is one of the three
The main shareholders of VW.
The bonuses are a very sensitive issue for the ailing group. The amount and a possible voluntary waiver also have great public signal effect in the vortex of the gas scandal. But the variable Executive Board remuneration are regulated contractually. Any changes would have to board members so agree only. Even the retired in the affair Group CEO Martin Winterkorn has financial claims in Wolfsburg, he still has a valid contract.
VW had given in September after allegations by the US authorities, large scale manipulation to have software installed in diesel cars. By fraud program the emission only in the test mode is fully activated. In normal operation of the nitrogen oxide emissions is higher by a multiple.
Especially in the US threatens the consolidated high penalties and risks that may reach a double digit billion amount reported in the consolidated circles. For manipulated diesel cars there VW is still looking for a solution with the US Environmental Protection Agency is satisfied. The US District Judge Charles Breyer, in which the actions are concentrated in the US, had set an ultimatum to 21 April. A day later, will advise on the annual accounts 2015, the control panel according to data from the Supervisory circles. The annual press conference on 28 April.
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