Daily Archives: July 3, 2017

** Faster, Higher, Farther by Jack Ewing

The subtitle of Faster, Higher, Farther: The Volkswagen Scandal is somewhat misleading since the author, in fact, tells the entire story of Volkswagen — and I suppose he would argue that we need the entire story to comprehend the scandal. Reaching back into Nazi territory may be taking it a bit far, but it certainly helps understand the family dynasty, and dynamics, which created a culture of authority and submission to the leader that led to  pressures to evade the US emissions tests. (In an American story, the same behaviors would likely be characterized as bowing to the pressure of the market.)

The most interesting part of the story for me was the family story, of how the various cousins participated, or not, in the company and how the family managed to keep control of the voting shares.

 

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