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That’s what my mate Gunter once said to me when we were discussing the CIO of one of the sister companies.
A real little twerp (not Gunter – he’s as cool as they come and looks me straight in the eye at 6’4″), who once introduced himself to a group of (English-speaking) airline CIOs with the classically over-formal “Good morning, my name is Mr (roughly translated) Goosefart”
Much rolling of eyes ensued.
Wendelin Wiedeking appears to be in the same boat, vertically-challenged-wise.
Brilliantly effective manager, turns Porsche around to make it the most profitable car maker in the world, but it’s never a good idea to punch TOO much above your weight.
As in: a hostile takeover of Volkswagen.
Always looked a bit of a stretch and what with backroom politics, the recession and an unfortunately timed drying up of liquidity, he’s ended up in the poo, without a job BUT with a €50m golden handshake.
And – get this – 64% of Financial Times Deutschland online readers appear to think that this is either a) about right or b) not enough.
So do I.
He gives half his annual salary to a trust, he’ll give AT LEAST half of his bail-out package away and tears were shed by the workers today.

