The
latest news about the Volkswagen emissions violations is that the German
carmaker will take a $18.2 billion charge against its 2015 financial accounts
to cover payments to aggrieved Volkswagen owners. That’s
BILLION--$18,200,000,000.
The
company will post a 2015 loss of about $6 billion.
You
know this story: unscrupulous lawbreakers on the Volkswagen payroll
deliberately rigged their diesel cars to conform with emissions requirements while
the tests were being conducted, and then run fast and dirty when they were on
the road.
The
disgraced CEO of Volkswagen, Martin Winterkorn, stepped down last year. There
was talk that he would get a severance package of almost $70 million.
Millions
and billions worth of wrongdoing here. VW owners got the short end of the
stick, and VW shareholders are paying for it.
I
did a sincere internet search, and I couldn’t find any story about any other
Volkswagen employee who has been fired or prosecuted or sent to jail.
There
are quite a few people who did wrong stuff here—are any of them going to be held
responsible?
Copyright
© Richard Carl Subber 2016 All rights reserved.
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