Isn't it time, King Wiedeking, to give back your severance payment? How long do you want to punish Porsche and their shareholders for your misdeeds. It was enough for you to throw away a perfectly wonderful asset as Porsche Automobil Holding by taking on enough debt in a pure speculative play. But, to add fuel to the fire, stock manipulation? At least, that is the latest allegation. Where there is smoke, there must be fire. Think about it, using derivatives to accumulate sufficient shares to assert control over the Volkswagen company directors. Genius! Except for the leverage taken amidst a credit collapse. Brilliant? Sounds to good to be true, doesn't it?
If you do not get it, maybe the Porsche Automobil Holdings directors can claw-back the severance payment they were so generous in granting. There are other shareholders than company insiders. Perhaps they could execute on there fiduciary duty and push for a claw-back. If not, I say, let the government be the government and take the severence by force! The old fashion way, confiscate it after you have been convicted of a treasonable offense!
Seriously, how many times do we have to allow the government to do the dirty work of elected and appointed directors of Public Corporations. Take the right steps and correct your mistake before we see the government do your job.
What do you think?
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