VW's Scandal: The Buck Stops Here?
The lurid details of Volkwagen's sex-and-bribery scandal set Germany Inc. reeling in the summer of 2005. VW's former Chief of Personnel, Peter Hartz, paid $2.5 million dollars in illegal bribes over nine years to the company's labor boss to buy support for management plans. The illicit payments were used by VW Works' Council Chief Klaus Volkert to fund lavish foreign trips for worker representatives, with prostitutes, parties, and luxury hotels in Brazil and Lisbon—all disguised as business expenses.
To continue reading this article you must be a Bloomberg Professional Service Subscriber.
If you believe that you may have received this message in error please let us know.