Can VW's Pischetsrieder Survive the Florentine Putsch?Gail Edmondson
Anyone who bet the power struggle at Volkswagen was over in January when cantankerous Supervisory Board Chairman Ferdinand Piech agreed to relinquish his post in 2007, just lost the wager. This week Piech lobbed a bombshell by telling a newspaper that he doubted the contract of VW CEO Bernd Pischetsrieder will be extended — while Pischetsrieder stood in the media spotlight at the Geneva Auto Show. The subtext was clear: an embarrassing broadside to Pischetsrieder at a tactical moment. Yes, it’s high drama again in the executive suites at VW’s Wolfsburg headquarters. Expect Florentine-style plots and coups ahead as the battle of big egos plays out.
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