That is a very one-sided view of the situation. If it was really that clear-cut we would not still be waiting to see whether or not any charges may be brought against him about 3 years after the event.
As for financial losses incurred by members of the Porsche/Piech clan, I suspect that those very people would be more inclined to say that Wiedeking was the one person who was instrumental in saving the Porsche company from being sold off cheaply or even going bust in the early 1990s, as well as in building up the company's balance sheet to the extent that it could even contemplate taking over the much larger VW group.
I should mention that, though I appear to be sticking up for him here, I am far from being a fan of Wiedeking as a person.
Fritz: Well, one of us is probably right. We will perhaps get to the truth when the story is fully fleshed out and written for posterity. Besides the charges which stubenhocker has brought to our attention, there has been various investigations in Germany that might still yield an indictment down the road. We have seen here in the US the same slow justice process regarding market manipulation cases involving Wall Street. But aside as to whether some of his activities were legal or not, the entire scheme was fraught with danger to the financial well being of the corporation, stockholders and workers, don't you think? We are all well aware of the success of Herr Wiedeking in his early career at PAG. But in the end, he destroyed all he built up...plus much of what had been accumulated in 60 years in business! So there is no justification or excuses for Herr Wiedeking in my opinion!
Saludos, Eduardo
