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HarleyEarl

Sex Scandal....

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A Good Old-Fashioned Sex Scandal Rocks Volkswagen Date Posted 11-18-2005 WOLFSBURG, Germany — All is not its usual gray color on the Volkswagen supervisory board. On Thursday, Gerhard Cromme, chairman of the German Corporate Governance Code Commission, announced he will resign from the VW board. This is reportedly only the latest bit of fallout from an ongoing power struggle between chairman Ferdinand Piëch and VW chief executive Bernd Pischetsrieder. Reuters news service reports that the two chiefs disagreed on Piëch's appointment of Horst Neumann as head of group personnel, noting that Neumann has a long union background and is "romantically linked" to the leftmost-leaning Social Democratic Party leader, Andrea Nahles. But wait, there's more. Thursday's Wall Street Journal recounted the sordid tale of Klaus-Joachim Gebauer, a middle manager fired for suspected embezzlement. Gebauer has informed German prosecutors about Volkswagen management's penchant for sending union representatives on junkets that involved prostitutes and falsified expense reports. Trips were made as far afield as Rio de Janeiro and India — where the junketers reportedly rode elephants and hired a retinue of travelling prostitutes — and as close to home as Hannover, Germany, he said. Allegedly it was all part of a plan to keep union leaders happy with Volkswagen. VW's move into luxury cars starting in the late 1990s, when it acquired Bugatti and Bentley and brought out its high-end Phaeton — which is about to be pulled out of the U.S. market for lack of sales — reportedly worsened the problem as it tried to keep labor unions on the company's side with apparently illegal perks. Gebauer's lawsuit against Volkswagen for unlawful termination was rejected Thursday. What this means to you: None of this can be good for Volkswagen, whose star had already dimmed with the poor reception for its push into the luxury realm.
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HA-Hawr! [/nelson]
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is daunte german? too convenient that 'pepper' blew his knee apart such a short time after the sex scandal. ome time away from the spotlight perhaps? go brad.
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