Former VW CEO may keep $12 million bonus despite Dieselgate charges - Business Insider

wrote that Winterkorn was accused of knowing about the emissions cheating as early as 2014 but not informing regulators or customers about it. Winterkorn's bonuses weren't the only ones in focus, as Bloomberg wrote that prosecutors also sought bonus money from the other involved managers.

"Although he was aware that the vehicles were wrongfully advertised with special environmental features, he deliberately did not stop further marketing of the vehicle." In terms of the money, the judge found no direct link between the diesel fraud and bonus payments given to the board members. Thus, the collection of over $12 million demanded by the public prosecutor's office is off the table and Winterkorn is likely to keep his bonus.

USA CORPORATE ESPIONAGE, MORE MILES PER GALLON EQUALED LESS SMOG WHEN USING OTHER CALCULATIONS-- USA COULDN'T HANDLE THE COMPETITION. ONLY CERTAIN CARS ALLOWED IN TO SELL IN USA ANYWAY.

United States United States Latest News, United States United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

SEC: Former Riot Blockchain CEO agrees to settlement in principle for alleged 'market manipulation'The SEC filed a letter saying that it had reached agreements to settle with three defendants in what the agency called a case of 'lucrative market manipulation.' Among those defendants is the former CEO of Riot Blockchain, a company, which was the subject of a CNBC Investigation. The case is unrelated to Riot. No is the answer, but knowing the rules and letting something happen when you know the other person doesn't know the rules or have any experience is worse, especially when there gaining from it, putting the blame on you after that is nasty. Life in prison?
Source: CNBC - 🏆 12. / 72 Read more »