COMPANIES Porsche’s ousted chief executive was offered a €140m ($198m) pay-off by the debt-ridden sports car maker’s family owners, almost three times the size of his agreed compensation that has exasperated investors and reignited a dispute over executive pay in Germany.
Wolfgang Porsche, the company’s chairman, proposed the more generous pay-off for Wendelin Wiedeking during a board meeting on Wednesday night, several people close to the situation told the Financial Times on Friday.
