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Reuters Breakingviews: VW’s governance weak spot

Thursday, March 14, 2013 - 03:39

Mar. 14 - ASignificant corporate governance worries at Volkswagen will come back to bite the automaker despite its mega-profit, says Reuters Breakingviews. Plus Morrisons belatedly joins the online game.

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So we miss a folk songs highly politicized borders had in mind to make a profit since breaking news. And you can gruesome arsons finally joined the online game joining me is Robert Cole. I am I -- -- -- -- read this -- WP doesn't mince his words really does is say if I had to know this is this is a fascinating story when you look at the corporate government they're government's story. And the weakness of corporate governance of folks -- just just take us through what what what this looks like well I'm Chris. You know it's one of those things you could lackeys say well perhaps the corporate governance busy son Paul and his company -- king. I think on outside highest ever profit I was still German company. He also acknowledges that you know that go to good. -- brands which are looking back polished. I he also accept that you -- from -- -- the property's -- some revaluation of some criticisms upset upset. Slightly inflated but I think at the bottom line here saying this is this is a company that has been through the middle -- he is doesn't it but with. It's coming out outside in in in in pretty good shot I didn't. But as you cite dozens as well dozens has their own significant corporate governance -- so the question we have to -- is you know. It's the story -- the business -- him so good and so strong that we have to worry about those corporate government worries that all we say when actually I think he's coastline is it still behind gravitate. So yes you know it's -- -- -- -- I used him well but you know these corporate governance issues will eventually come back types of sorts. We give a bit of Dietz how long on the on the -- -- -- here now. Autocratic patriarch runs at local politicians lots of family members heavy states influence. He says is a recipe for -- Austin. Well we've. We -- will make you a little bit tell -- both come with the mountain bit more harsh and and that was -- but I think that that that is the underlying point I think that we of -- over many many years is. That you know if a company is doing well out of the numbers dating. A -- of the investors don't worry about the corporate governance. Until it Caylee becomes a problem I'm what has become a problem. It's too light. So you know let's not I think enough point here is let's not be complacent at this point majority VW advances Taiwan and on Wednesday on Napoli then why about welcome. Governments now is precisely the time to do something about the governments in older to show the united. That great performances that will continue. Our rights are. It's not rob you can do you Morrison shop online since yeah obvious that -- all these mine you have a little -- a minus yeah -- much mountain Marshall proposed. So whatever makes the story the actual athletic events and cool emotional probably involvement with the mental books. You out. I mean. The online thing. He's clearly a response to the -- and play beyond guess but certainly in the tank has been. -- a false. Which. Why Morrison is involved in this already is is actually beyond me I'm afraid -- and -- I mean I'm having had a brief chat would -- Terry Leahy diploma. -- exit of test 'cause and I reckon it was something like 1997. And at that point he was making a very big pitch about how Tesco dot com was the thing to do you think this is in twenty years ago. All fifteen years ago this is close they want to think that as. Well -- been that's about. Who have might be some we do -- -- guns again -- -- you know that they had this -- -- image which was fine you know when they'll boy -- was running the.

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Reuters Breakingviews: VW’s governance weak spot

Thursday, March 14, 2013 - 03:39

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