I entirely agree that by the standards of our day Wiedeking is an extremely farsighted and insightful manager who understands the importance of long-term thinking. Certainly other corps would do well to follow his example.

I was merely noting that given the Porsche ownership structure, he can tell the market playas to go pee up a rope as long as he has the family behind him. (Wikipedia notes that "As of 2005, the extended Porsche and Piech families controlled all of Porsche AG's voting shares.".)


The fact is that what we're experiencing right now is a top-down disaster. -Paul Krugman