Does Porsche CEO Wiedeking have a great job or what?

[Bob Gagnon]

I read in Panorama yesterday that Porsche CEO Wendelin Wiedeking was paid over $100 million last year in salary and bonus only, not including stock options.

I believe that would easily put him in the top 10 of USA CEO earnings if he worked here.

Porsche made a profit of $6.26 billion last year, up from $2.05 billion in '06 and most of that was from derivative transactions, not car sales.

Wow.

[Dan Chambers]

Something tells me the little Austrian car maker from Gmund is going to stick around for a few more years.

[4est]

I read somewhere recently that much of Porsche's profitability comes from their Investment Group, and not from their car sales. I would be pretty irritated thinking that all their significant monies came from auto sales and then they won't even BUDGE on price at the dealer.

[John Straub]

I understand, the courts gave them the OK to take over VW.

Lets see, what did it say on the back of a Euro 1970 914-6..."914-6 VW Porsche". This should be interesting.

[Dan Chambers]

I understand, the courts gave them the OK to take over VW.

Lets see, what did it say on the back of a Euro 1970 914-6..."914-6 VW Porsche". This should be interesting.

Yes, Businessweek has been following the course of discussions between VW, Porsche, and the labor unions for some time. My understanding is the German courts have recently allowed the sale of additional shares of VW stock to Porsche, making Porsche majoritive stockholder(?), and every indication seems to be that Porsche will be exercising its options for those shares.

So, F. Peich and W. Wiedeking teaming up to conquer the European car business? Should be very interesting indeed. Once again VW/Audi/Porsche together? Hmmmmm..... Imagine ... the payroll and bonus packages .

[Bob Gagnon]

So, F. Peich and W. Wiedeking teaming up to conquer the European car business? Should be very interesting indeed. Once again VW/Audi/Porsche together? Hmmmmm..... Imagine ... the payroll and bonus packages .

Interesting to me that F. Piech is the son of Ferry Porsche's sister, Louise Piech (of Porsche Salzburg fame), and grandson of Ferdinand Porsche and therefore owns 10% of the Porsche stock...could it be that the plan all along was to take over VW in the first place, after all the old man did design the VW bug.

[Bob Gagnon]

I understand, the courts gave them the OK to take over VW.

Lets see, what did it say on the back of a Euro 1970 914-6..."914-6 VW Porsche". This should be interesting.

Who would ever own such a car???

[John Straub]

Who would ever own such a car???


I remember a very fast orange GT that would go out and kick everyone's butts at an autocross! Does that sound like you?