Welcome to European Tribune. It's gone a bit quiet around here these days, but it's still going.
Wiedeking can get away with this because he has the backing of the Porsche family, which still holds a controlling interest.

Yes, if it was down to institutional shareholders, he'd be out of a job. Gotta watch the bottom line (and race towards the bottom).

It reminds me of CostCo in America. It's like an ehtical version of Wal-Mart and is very succesful, not just because of the relatively low prices but because a lot of its customers appreciate that plentiful well-treated staff provide a better shopping experience.

Yet two years ago they were threatened by institutional shareholders who felt that labour costs were too high compared with Wal-Mart and demanded a more aggressive policy in terms of wages and training. I think they got away from the threat, but I'm not sure how.

keep to the Fen Causeway

by Helen (lareinagal at yahoo dot co dot uk) on Tue May 15th, 2007 at 07:07:05 AM EST
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