Financial Times FT.com

€50m payoff for ousted Porsche chief

By Daniel Schäfer in Frankfurt

Published: July 23 2009 07:26 | Last updated: July 23 2009 15:55

Wendelin Wiedeking...Former CEO of German car maker Porsche waves goodbye to employees at the Porsche factory in Zuffenhausen, near Stuttgart, Germany, Thursday, July 23, 2009. Porsche chief executive Wendelin Wiedeking is leaving the luxury sports car maker after 16 years at the helm, a move widely expected to clear the way for a merger with Volkswagen AG. (AP Photo/Daniel Roland)

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