Re: Porsche plans coup against Piëch

[Paul Caouette]

I can't help but imagine the headlines....Porsche Prepares Putch for Pietz.

or

Pietz Calls Porsche a Putz

Its the end of the world as we know it


On 9/15/08, thejimrose <thejimrose at gmail.com> wrote:
> man this is really some high drama. very 16th century, minus the beaheadings
> . can anyone recommend any books about piech? i'd live to read more..
>
> On Mon, Sep 15, 2008 at 1:18 AM, Dave <dave.eaton at clear.net.nz> wrote:
>
>> trouble brewing for the chairman....
>>
>> Dave
>> '03 rs6
>> '04 allroad tdi
>>
>> ------------------
>> Report: Porsche plans coup against Piėch
>>
>>
>> September 15, 2008 06:01 CET
>>
>> FRANKFURT (Reuters) -- Porsche Chairman Wolfgang Porsche has gained
>> majority
>> support among the two clans that own his family's carmaker to remove
>> cousin
>> Ferdinand Piėch from his post as Volkswagen chairman, a German magazine
>> reported.
>>
>> "It is not a question of 'if', rather 'when' and 'how'," Focus quoted one
>> Porsche manager as saying.
>>
>> The news magazine report ahead of its publication on Monday comes after a
>> turbulent VW supervisory board meeting on Friday, where Piėch broke ranks
>> with the other three Porsche representatives on the board.
>>
>> Porsche had been quoted in comments made yesterday to Focus as saying of
>> Piėch: "I am horrified by the behavior of the chairman."
>>
>> The challenge is the result of long-running tensions between Piėch, part
>> owner of Porsche, and his cousin over control of Volkswagen -- their
>> company's largest investment in which the sports car maker is poised to
>> take
>> the majority this year.
>>
>> Piėch, who has run Audi and Volkswagen as CEO before taking over as
>> chairman
>> in 2002, is a calculating strategist who has survived several coup
>> attempts.
>>
>> His power base stems from close allies like VW CEO Martin Winterkorn and
>> the
>> unwavering support from VW's powerful unions, which oppose Porsche's
>> attempts to limit their influence.
>>
>> Volkswagen declined to discuss the report while Porsche was not
>> immediately
>> available for comment.
>>
>>
>>
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>
>
>
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-- 
Paul Caouette