Volkswagen Wiedeking - the wrong king

Volkswagen shareholders have another thing to worry about: the possibility that Porsche’s boss may become their chairman. True, it’s not a done deal. And Porsche itself is saying that it favours a neutral candidate to succeed Ferdinand Piech as VW’s supervisory board chairman when he relinquishes the position next April. But a string of German media reports have suggested otherwise. Wendelin Wiedeking, Porsche’s boss, is apparently the favourite of the labour unions and VW workers. Shareholders ...