Chris Hohn’s TCI Fund Management Attacks ‘Corporate Excess’ at Volkswagen – Wall Street Journal

Posted: Saturday, May 07, 2016

Activist hedge fund TCI Fund Management has written to the boards of German car maker Volkswagen AG, attacking “corporate excess on an epic scale” and calling for wide-ranging changes to management pay.

In a letter to the members of the firm’s management and supervisory boards, London-based TCI, which runs more than $10 billon in assets, said Volkswagen had “a major corporate governance problem” that had abused shareholders and that…

Comments

Write a Reply or Comment:

Your email address will not be published.*