“Volkswagen Ex-CEO Faces Fresh Fraud Charges Over Emissions Scandal,” The Wall Street Journal, April 16, 2019. Prosecutors in Germany seek return of salary and bonuses, plus ten years.
The VW story has been going on for some time. They used a software to alter emission testing results and got caught. Billions (25+) of dollars later, prosecutors now try to recoup the salary paid to the CEO.
Should those being paid to provide governance have to forfeit their salaries if they provide “bad” governance after they learn of a problem?
While this is at its heart an Information story, where the company tried to fake information it was giving the government (and its customers), will it’s biggest impact be forcing Management to forfeit salary and bonus?