A Hard U Turn At VwJohn Templeman
When Volkswagen's new chief executive, Ferdinand Piech, toured the strategic planning department at the company's Wolfsburg headquarters in January, he asked a section leader how many people worked there. Eighty-nine, came the answer. "That's one `nine' too many," Piech remarked casually. Contemplating a 10% cut, the section leader breathed a sigh of relief. But it soon turned into a gasp of horror when he realized that Piech meant the manager would be left with a staff of only 8, not 80.
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