12-set-2008 2.38.45
- Ron (Houston)
- Rennteam Moderator
- Loc: Houston, TX , Stati Uniti
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12-set-2008 2.38.45
12-set-2008 3.00.40
Quote:
ADias said:
This has been talked about for a while. Ferdinand Piech wants him out and his cousin Wolfgang Porsche supports him. I think WW had his time at PAG, but PAG might benefit from someone less iconoclast, albeit with a strong business sense.
Quote:
ADias said:
This has been talked about for a while. Ferdinand Piech wants him out and his cousin Wolfgang Porsche supports him. I think WW had his time at PAG, but PAG might benefit from someone less iconoclast, albeit with a strong business sense.
Quote:
fritz said:Quote:
ADias said:
This has been talked about for a while. Ferdinand Piech wants him out and his cousin Wolfgang Porsche supports him. I think WW had his time at PAG, but PAG might benefit from someone less iconoclast, albeit with a strong business sense.
After what happened at a VW board meeting today, this situation might well come to a head in the near future. (Piech did not vote in support of the Porsche holding company's interests in a crucial board decision).
Quote:
Tim said:
FT article
However, I just read a news report this morning that the Porsche clan wants to dethrone Piech after what happened at the board meeting.
Quote:
reginos said:Quote:
Tim said:
FT article
However, I just read a news report this morning that the Porsche clan wants to dethrone Piech after what happened at the board meeting.
However, it could be a Porsche family devious strategy to make Piech appear the "good guy" vis a vis the Unions and Wolfgang the "bad guy", depending on the issue.
Quote:
Tim said:
However, I just read a news report this morning that the Porsche clan wants to dethrone Piech after what happened at the board meeting.
IMO, they should just call it a hostile take-over and be done with it. End of story.
Quote:
Whoopsy said:
Piech did not born as a Porsche, he is born a Piech, he will never be loyal to the Porsche family.
Quote:
fritz said:Quote:
Tim said:
However, I just read a news report this morning that the Porsche clan wants to dethrone Piech after what happened at the board meeting.
IMO, they should just call it a hostile take-over and be done with it. End of story.
If only it were that easy!
The piquant aspect of this situation is the fact that voting rights in VW's Supervisory Board are not currently directly related to the stocks held by the "power blocs", so holding 51% of the stock would not necessarily guaranteee Porsche Holding being able to manage the company really effectively .
This episode demonstrated to Porsche that even if they bought the 20% they still need to to get to 51%, they might still be at the mercy of others marching to their own music.