AvatarSteven B HowardTrial of former VW boss begins over 'dieselgate' scandalverified_publisherBBC News - Theo LeggettThe former boss of Volkswagen has appeared in court charged with fraud, market manipulation and perjury, nine years after the carmaker was found to have rigged emissions tests. Martin Winterkorn was chief executive of the German company in 2015 when it was engulfed in a scandal that sent shockwaves …
AvatarSteven B HowardMerrill Lynch settles class action racial discrimination lawsuit for $20 millionverified_publisherFast Company - BY Associated PressThe lawsuit alleges that African American advisers employed by Bank of America-owned Merrill received less compensation and promotions than their white counterparts—and were terminated at higher rates. Merrill Lynch has agreed to pay nearly $20 million to settle a class-action lawsuit that accuses …
AvatarSteven B HowardBP’s former CEO is docked $41 million in pay after he ‘knowingly misled the board’ about personal relationships with other employeesverified_publisherFortune - Laura Hurst, BloombergBP’s former Chief Executive Officer Bernard Looney will forfeit as much as £32.4 million ($40.6 million) in pay after resigning in September because …
AvatarSteven B HowardVolkswagen invested billions in EVs following Dieselgate scandal—now, its brand is ‘no longer competitive’: ‘Other manufacturers would close plants in such a situation’verified_publisherFortune - Prarthana PrakashVolkswagen was one of the earliest entrants into the electric vehicle industry, years before it became commonplace to own or drive them. Its efforts …
AvatarSteven B HowardGoldman Sachs to pay $215m in sex discrimination caseverified_publisherBBC NewsGoldman Sachs will pay $215m (£170.5m) to settle claims that it discriminated against women, offering female staff lower pay and fewer opportunities. The agreement comes a month before the long-running class-action lawsuit was due to come to trial. It resolves claims from about 2,800 female staff who …
AvatarSteven B HowardCanada Lands Volkswagen Battery Plant With Billions in Subsidiesverified_publisherThe New York Times - By Ian AustenVolkswagen’s first North American battery plant for electric vehicles will be built in Canada, and Prime Minister Justin Trudeau and other Canadian politicians made it clear on Friday that the country had effectively been in a bidding war with the United States. “We put up a lot of money,” Mr. …