Re: Porsche plans coup against Piëch
paxnobis at gmail.com
Mon Sep 15 12:34:09 PDT 2008
I can't help but imagine the headlines....Porsche Prepares Putch for Pietz.
Pietz Calls Porsche a Putz
Its the end of the world as we know it
On 9/15/08, thejimrose <thejimrose at gmail.com> wrote:
> man this is really some high drama. very 16th century, minus the beaheadings
> . can anyone recommend any books about piech? i'd live to read more..
> On Mon, Sep 15, 2008 at 1:18 AM, Dave <dave.eaton at clear.net.nz> wrote:
>> trouble brewing for the chairman....
>> '03 rs6
>> '04 allroad tdi
>> Report: Porsche plans coup against Piėch
>> September 15, 2008 06:01 CET
>> FRANKFURT (Reuters) -- Porsche Chairman Wolfgang Porsche has gained
>> support among the two clans that own his family's carmaker to remove
>> Ferdinand Piėch from his post as Volkswagen chairman, a German magazine
>> "It is not a question of 'if', rather 'when' and 'how'," Focus quoted one
>> Porsche manager as saying.
>> The news magazine report ahead of its publication on Monday comes after a
>> turbulent VW supervisory board meeting on Friday, where Piėch broke ranks
>> with the other three Porsche representatives on the board.
>> Porsche had been quoted in comments made yesterday to Focus as saying of
>> Piėch: "I am horrified by the behavior of the chairman."
>> The challenge is the result of long-running tensions between Piėch, part
>> owner of Porsche, and his cousin over control of Volkswagen -- their
>> company's largest investment in which the sports car maker is poised to
>> the majority this year.
>> Piėch, who has run Audi and Volkswagen as CEO before taking over as
>> in 2002, is a calculating strategist who has survived several coup
>> His power base stems from close allies like VW CEO Martin Winterkorn and
>> unwavering support from VW's powerful unions, which oppose Porsche's
>> attempts to limit their influence.
>> Volkswagen declined to discuss the report while Porsche was not
>> available for comment.
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