Hamburg/Frankfurt ⋅ Last summer, the Volkswagen Group and its former CEO Martin Winterkorn, the long-standing CEO of the subsidiary Audi, Rupert Stadler, and two other high-ranking former managers agreed on a settlement for compensation payments in the diesel scandal. 288 million euros should flow to the group from Wolfsburg. According to the plan, a large part of this should be shouldered by a consortium of manager liability insurers (D&O), for which VW had taken out a corresponding policy.
Winterkorn contributes 11.2 million euros from his own assets, the former Audi boss and CEO Stadler 4.1 million euros. The former development directors of Audi and Porsche, Stefan Knirsch and Wolfgang Hatz, agreed to pay 1 million and 1.5 million euros respectively. So far, these are the highest compensation payments by German board members in local economic history.