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Corruption - Germany - Volkswagen Scandal Woes Worsen
U.S. prospects do too as company veers into big trouble
Pleasant Ridge, Mich, USA -The Car Connection, by Jim Burt - Sept 2005: -- Volkswagen AG's internal corruption scandal has grown and now is thought to involve at least 60 employees of Europe's largest automaker... VW's own investigation, including examining 100,000 pages of an eventual one million document inquiry is "deeply troubling". German justice officials are also investigating incidents of bribery and embezzlement in several countries... One Volkswagen executive called the investigation a "quagmire," and pointed to a culture of "entitlement" and "low standards of personal behavior" fostered among VW's executives, especially in Europe, Africa, and the Middle East during the tenure of Ferdinand Piech, who was chairman for a decade before 2003... Piech, who is currently the supervisory board chairman, hasn't been implicated. But his imperial style of management, some insiders say, bred the sort of bad behavior being uncovered now...
posted by Unknown @ 3:57 PM
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