VW Labor Chief Calls for Managers to Waive Bonuses: Handelsblatt
On Tuesday, Bernd Osterloh, was quoted in the German newspaper Handelsblatt saying that Volkswagen should cut bonuses for the company's management. Osterloh, who acts as the company's labor chief is not the first to propose this idea following the company's carbon emissions scandal. Volkswagen's second largest shareholder, Lower Saxony, has also argued that executive bonuses should not be paid out this year. Osterloh believes that these bonuses should be cut based upon moral principle.
See "VW Labor Chief Calls for Managers to Waive Bonuses: Handelsblatt", The New York Times, April 19, 2016