Porsche IPO: How the Porsche-Piëch-Clan cemented its power at Volkswagen

Oliver Blume had nothing to say about what was initially the most important decision of his young term in office.

Porsche IPO: How the Porsche-Piëch-Clan cemented its power at Volkswagen

Oliver Blume had nothing to say about what was initially the most important decision of his young term in office. It was his first week of work when the board of the Volkswagen Group decided on the details of the IPO of the sports car subsidiary Porsche at the beginning of September - but the new CEO Blume was not allowed to have a say: conflict of interest. Which can definitely happen in such a complicated company as the family business Volkswagen that has become a group.

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