Porsche misses an opportunity.(Porsche's annual meeting )(Brief Article)

Automotive News Europe,  February, 2006  

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At Porsche's annual meeting January 27, CEO Wendelin Wiedeking challenged the western world's standards for corporate governance of publicly owned companies.

He was quite outspoken. He was especially critical of financial analysts and fund managers - many of whom protested Porsche's purchase of an 18.5 percent stake in Volkswagen last autumn.

He said managers are better at running automakers than financial analysts. That's true.

He was critical of financial markets' short-term emphasis on profits, saying that is an imprudent strategy in a capital-intensive industry. Also ...

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