Update on Porsche financial woes

[sandyman65535]

German luxury car maker Porsche has said chief executive Wendelin Wiedeking and financial director Holger Haerter have resigned "with immediate effect".

http://news.bbc.co.uk/2/hi/business/8164295.stm

[tonycarreon]

Originally Posted by sandyman65535

German luxury car maker Porsche has said chief executive Wendelin Wiedeking and financial director Holger Haerter have resigned "with immediate effect".

http://news.bbc.co.uk/2/hi/business/8164295.stm

now that VW is going to own Porsche, does this mean the baby boxster might come back?

[sandyman65535]

Wiedeking's termination fee: EUR 50M

So he's being a good sport and giving most/all of it to charity. Lucky charities!

[Brucelee]

Well, the CEO had been given a strong endorsement by the Board just last week.

This is almost always a kiss of death and you start cleaning out your files and computer as soon as they issue the statement.