{"id":52542,"date":"2016-05-09T08:11:51","date_gmt":"2016-05-09T12:11:51","guid":{"rendered":"http:\/\/www.hedgeco.net\/news\/?p=52542"},"modified":"2016-05-09T08:11:51","modified_gmt":"2016-05-09T12:11:51","slug":"activist-investor-tci-tells-vw-to-overhaul-board-pay","status":"publish","type":"post","link":"https:\/\/hedgeco.net\/news\/05\/2016\/activist-investor-tci-tells-vw-to-overhaul-board-pay.html","title":{"rendered":"Activist investor TCI tells VW to overhaul board pay"},"content":{"rendered":"<p>(Reuters) Activist investor TCI has upped the pressure on loss-making German carmaker Volkswagen (VW), demanding it overhaul its &#8220;excessive&#8221; executive pay scheme as part of a plan to boost profits and end years of &#8220;mismanagement.&#8221;<\/p>\n<p>Beset by a diesel emissions cheating scandal and fresh from posting a record loss of 1.6 billion euros ($1.8 billion) for 2015, investors have been riled by news Volkswagen&#8217;s top bosses would get millions in bonus payments.In a letter to the executive and supervisory boards, seen by Reuters, Chris Hohn, founder of the $10 billion London-based hedge fund TCI, said paying such large rewards when the company performs poorly was exacerbating its problems.<\/p>\n<p><a href=\"http:\/\/www.reuters.com\/article\/us-volkswagen-investors-tci-idUSKCN0XX1XA\">To read this article:<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>(Reuters) Activist investor TCI has upped the pressure on loss-making German carmaker Volkswagen (VW), demanding it overhaul its &#8220;excessive&#8221; executive pay scheme as part of a plan to boost profits and end years of &#8220;mismanagement.&#8221; Beset by a diesel emissions [&hellip;]<\/p>\n","protected":false},"author":4,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-52542","post","type-post","status-publish","format-standard","hentry","category-syndicated"],"_links":{"self":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/52542","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/comments?post=52542"}],"version-history":[{"count":1,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/52542\/revisions"}],"predecessor-version":[{"id":52543,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/52542\/revisions\/52543"}],"wp:attachment":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/media?parent=52542"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/categories?post=52542"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/tags?post=52542"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}