Sparprogramm noch gar nicht im Kurs drin
Schönen Tag
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vernichtende kritik an den beiden grossaktionären von bert von von flossbach:
(hinter paywall:) www.ft.com/content/2977e94c-bae8-4d64-b360-9d6567ccba13
- das 50 mal kleinere ferrari hat eine grössere börsenkapitalisierung als volkswagen, eine direkte schuld der beiden grossaktionäre: die familie piech-porsche interessiere bloss die kontrolle der firma und nicht deren wohlergehen, das land niedersachsen einzig die möglichst grosse anzahl an arbeitsplätzen. das management müsse deshalb quasi mit gefesselten händen arbeiten.
If the Porsche family announced tomorrow that it, jointly with the State of Lower Saxony, decided to convert all non-voting shares into voting stock the share price would immediately sky rocket,” said Flossbach.
However, he added that the probability of this happening was “zero” because the Porsche-Piëch family was driven by “goals which are not of a financial character”. Control over the company appeared an end in itself for the family and they held on to their VW voting rights “like a petulant child in kindergarten clutching their toys”, according to Flossbach, adding that Lower Saxony’s goal was to have as many VW jobs as possible in its state.
He warned that the current governance meant that VW management was “basically handcuffed”, lacking the agency to make large cost cuts, move production overseas or break up a sprawling business that sells products ranging from motorcycles to ship engines.
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