Japanese CEOs don't get paid $28 million in pension, so in their case, it's honour and reputation.

I would have said the same for German CEOs, but the publicly announced value of Winterkorn's salary is so much higher than typical for a German CEO, it may or may not be true.

American CEO salaries and pensions are both obscene, AND badly out of step with those of the rest of the industrialised world.

James
Ottawa, ON

> Date: Thu, 24 Sep 2015 18:05:54 +0200
> From: ray@V6BUS.DE
> Subject: Re: VW, honour, and culture
> To: vanagon@GERRY.VANAGON.COM
> 
> I could agree, but sometimes the question is: Do they resign because of
> all the shame and responsibility?
> Or because "I will get 28 million pension and not be legally
> prosecuted...who cares" ?
> That�s why I wrote down my point 2)
> 
> Piech would get all my (financial) respect if he knew about all this,
> resigned, came back, and lead VW into a bright new future.
> Wouldn�t that be a great trick?! Or he just go too old and
> demented...who knows
> 
> Regards
> Raimund
> 
> 
> 
> 
> Am 24.09.2015 um 03:29 schrieb James:
> > Winterkorn's resignation illustrates one of those cultural divides that separates Canada and the US from Europe and Asia.
> >
> > Winterkorn is hardly the first German CEO or higher-up to resign when something like this happens - it's a matter of honour, and taking responsibility.  You see the same behaviour in Japanese CEOs, and elsewhere in Europe and Asia.
> >
> > Whereas North American CEOs hardly ever resign over such things....
> >
> > James
> > Ottawa, ON
> >
> >> Date: Wed, 23 Sep 2015 10:58:13 -0500
> >> From: jrodgers113@GMAIL.COM
> >> Subject: VW
> >> To: vanagon@GERRY.VANAGON.COM
> >>
> >> VW Germanyhas really stepped into it with this software debacle.  Bad
> >> enough to get the CEO to resign.
> >>
> >> That's quite something.
> >>
> >> John
> >