Tuesday, 22 September 2015

Crazy Volkswagen leaders

The Volkswagen fraudulent approach to diesel-related emissions is most shocking. How could such a major corporation, one of the largest and most solid in the world, believe that cheating would go unnoticed and would bring them additional market share?

This is another eye-opener in today´s world. A very damaging one for that matter. The credibility of this company and all the related makes – VW, Seat, Porsche, Audi – is seriously affected. They will probably survive the crisis but with significant losses in terms of future sales and prestige. However, the greatest damage will be inflicted in all of us that have gradually lost confidence in traditional politics, then on banking, afterwards on promises of international solidarity, and now on car manufacturers.

This is another very heavy blow on trust and values. It is also a deep stain on Germany´s industrial and business elites.


It is at the same time, however, a reminder that we live in open societies. Openness leads to exposure and that´s the most effective way of dealing with the dishonesty of the powerful people, including those who believe, because they earn scandalous salaries and benefits, that they are well above the common mortals we are. 

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