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...hard to feel sorry for a guy who walks away from a job with a check for €50 million ($71 million). So while a few Germans see Wendelin Wiedeking, departing CEO of German sports car maker Porsche, as the victim of a public lynching by media, few feel bad for him. Wiedeking had a 17-year run at Porsche, the Stuttgart-based sports car icon which has just failed in its bid to take over motoring giant Volkswagen and will now be merged into the VW group. He took the job when Porsche was on the skids and transformed...

Author: /time Magazine | Title: Is Porsche's Exiting Boss A Symbol of Capitalist Excess? | 7/25/2009 | See Source »

...family discord has been on the rise since 2005, when Porsche's fiercely independent CEO Wendelin Wiedeking started buying up VW stock in order to safeguard the luxury sports carmaker's future. His vision was to merge the two companies into a single holding that would create substantial economies of scale and enable Porsche to avoid being penalized under new European rules governing auto emissions and fuel consumption standards; by being part of the bigger VW group with its range of low-emission, fuel efficient cars, Porsche's sports cars wouldn't stand out, Wiedeking reasoned...

Author: /time Magazine | Title: Why VW and Porsche are On a Collision Course | 7/2/2009 | See Source »

...passport-free zone. "We will not cave in to German pressure. We will not disclose information about the owners of bank accounts," says government spokeswoman Gerlinde Manz-Christ. "The rogues are the ones who are evading their taxes, and that's not the people here in Liechtenstein," says Wendelin Schrädler, a rosy-cheeked butcher, as he hacks off a side of ham for a customer...

Author: /time Magazine | Title: Saving a Banking Boom from Berlin | 2/28/2008 | See Source »

America's love affair with porsches is so strong - almost half of all those made are sold in the U.S. - that for several months the sports car's German maker has been considering whether to list its shares on the New York Stock Exchange. But when Porsche chief executive Wendelin Wiedeking saw the tough new Sarbanes-Oxley Act that President Bush signed into law this summer on the heels of the Enron and WorldCom scandals, he had a fit. The new law, which seeks to safeguard against fraudulent accounting, requires CEOs and CFOs to vouch for the accuracy of their...

Author: /time Magazine | Title: Tough Act To Follow | 9/15/2002 | See Source »

...barrier of celibacy than how to house would-be priests and where to find the books and teachers to train them. "Do not make the mistake of thinking that our people in Africa do not know what celibacy is and would rather have their priests married," Bishop Norbert Wendelin Mtega of Tanzania told the synod. "They cannot imagine a Catholic priest who is married...

Author: /time Magazine | Title: Religion: Big Gamble on the Priesthood | 11/5/1990 | See Source »

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