The bad drama at VW

Whenever a company’s board gives the top executive a vote of approval, look out. He’s sure to be packing his bags. Witness Volkswagen AG. The company’s supervisory board had just given CEO Berndt Pischetsrieder a five-year extension in May. And today he quit. He’ll leave the company at the end of the year with his likely replacement being Audi boss Martin Winterkorn.

To continue reading this article you must be a Bloomberg Professional Service Subscriber.