Volkswagen Finance Chief Promises Executive Pay Overhaul – Wall Street Journal

Posted: Wednesday, May 18, 2016

BERLIN—Volkswagen AG finance chief Frank Witter pledged in a letter to activist fund manager Chris Hohn that the embattled German car maker would boost profit and overhaul its pay system for top executives as part of a broader strategy review.

In the letter, which was reviewed by The Wall Street Journal, Mr. Witter said the German car maker shared concerns expressed earlier this month in a letter from Mr. Hohn, head of the…


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