Volkswagen Holds Executives Accountable For DieselGate By Cutting Bonuses 30%

Volkswagen said Wednesday that its top managers’ bonuses will be cut significantly, citing the need to send a “signal” on executives’ pay following the automaker’s diesel emissions scandal.

The company, which has yet to release 2015 earnings figures, said in a statement that “different models which would constitute a reasonable and fair solution for all parties involved” are being discussed.

“As a consequence, this would lead to a significant reduction of the variable remuneration,” Volkswagen said.

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TheSteve - 4/13/2016 12:36:43 PM

+2 Boost

That means VW execs still get 70% of their bonuses, in spite of Dieselgate, while VW workers get laid off and VW dealers -- who invested millions of their hard-earned money and now are threatened with bankruptcy and talk from VW that they "considered" pulling out from the US -- suffer in the scandal's wake.

Sounds like The VW Way :-(

PUGPROUD - 4/13/2016 4:57:23 PM

0 Boost

Wow! What would one have to do to get no bonus...not follow orders?

MDarringer - 4/13/2016 8:11:47 PM

0 Boost

Produce relevant, high-quality, durable, good-looking, appropriately priced cars, that don't cheat?

mpls - 4/13/2016 8:03:56 PM

+2 Boost

I'm guessing to get no bonus, they would have had to defy the ceo orders and not instigate the cheat device.

MDarringer - 4/13/2016 8:09:51 PM

+1 Boost

Aren't bonuses for excellent work?

llaroo - 4/13/2016 9:34:38 PM

+2 Boost

explains everything