Volkswagen CEO, chairman will stay in office despite charges: supervisory board
Wednesday, 25 September 2019 Volkswagen's chief executive and chairman will stay in office, the company's supervisory board said in a statement on Wednesday, a day after German prosecutors pressed charges against them for their role in a diesel emissions scandal.
German prosecutors have indicted Volkswagen CEO Herbert Diess, Chairman Hans Dieter Poetsch and former CEO Martin Winterkorn saying they intentionally delayed telling investors about using illegal software to cheat on emissions tests. Veuer’s Chandra Lanier has the story.
WeWork cofounder Adam Neumann is expected to step down as chairman of the board. WeWork's biggest investor, SoftBank, is taking over the company and giving Neumann $1.7 billion to step down. Business..