Cheques need balances
The right ways to fix a flawed system
VOLKSWAGEN has had a pig of a year. The revelation that it was systematically cheating on emissions tests landed the carmaker with its largest-ever annual loss. The scandal cost Martin Winterkorn, the man in charge at the time, his job; this week it emerged that prosecutors are investigating him for possible market manipulation. But his bonuses survived: he received €5.9m ($6.5m) in performance-related pay for 2015.
This article appeared in the Leaders section of the print edition under the headline "Cheques need balances"
From the June 25th 2016 edition
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