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Holly Turner-Jones

on 17 August 2013

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Transcript of Volkswagen

VW Beginnings
KDF Logo - 1939
Volkswagen (people’s car) was established by the German government under the control of Adolf Hitler the leader of the National Socialist (Nazi) Party. Hitler proposed to build a cheap small car for the German people. He commissioned Ferdinand Porsche the founder of the automotive design company Porsche Büro to design the car.
At the Berlin Motor Show they revealed the Kdf (Kraft-durch-Feude)-Wagen meaning (“Strength-Through-Joy’ car). This was also the beginning of the World War II and the Volkswagen halted production.
The Scandals
Volkswagen is known for their cars, but has a dark history of illegal activity, sex scandals, bribery, embezzlement, and conflict of interest with in their management.
Volkswagen Haunted Past
Volkswagen tries to establish a new identity by commissioning a book to clear up any misconception of their involvement with the Nazis. The book implicated the founders of Volkswagen were willing accomplices for Hitler. They had found that Volkswagen had transformed there factories into armament and over 80% of the workers were forced laborers with poor working and living conditions
Foreign-Exchange Fraud
The chief currency trader and chief financial officer were involved in foreign-exchange fraud. Volkswagen had a potential loss of $259 million and was fined $39 million by the European Commission and reaching an agreement with the car dealers in Germany.
Volkswagen Code of Ethics
Holly Turner-Jones & Donna Muldrew
MGMT 4395 - Business & Society
Professor Marybeth Kardatzke

Definition of 'Business Ethics'
The study of proper business policies and practices regarding potentially controversial issues, such as corporate governance, insider trading, bribery, discrimination, corporate social responsibility and fiduciary responsibilities. Business ethics are often guided by law, while other times provide a basic framework that businesses may choose to follow in order to gain public acceptance.
Klaus Volkert
Klaus Volkert was jailed for two years and nine months for incitement to defraud Volkswagen. Volkert's role in the scandal that included employee representatives receiving illegal privileges, among them trips abroad involving prostitutes.
Klaus-Joachin Gebauer
Klaus-Joachin Gebauer was given suspended one year term. Both men say that they will appeal The Braunschweig court sentenced 40 counts of breach of trust.
Signed off on many payoffs, but was never charged and denied any involvement in the illegal slush funds.
Ferdinand Piech
Perter Hartz
Accused and charged of: kickbacks to Volkswagen managers from bogus companies, favours to members of the workers council (Betriebsrat), which are illegal under German law and, the use of prostitutes at the company's expense.
KDF Logo 1938
Before WWII
After WWII changed
by the British
3D Look by Meta
Design 2000
Responsibility for the Reputation of the Volkswagen Group
Responsibility for Basic Social Rights and Principles
Equal Opportunity and Mutual Respect
Employees and Employee Representatives
Management Culture and Collaboration

Conflicts of Interest
Secondary Employment
Interests in Other Companies
Combating Corruption
Anti-Corruption Officer
General Conduct Requirements
Avoiding Corruption and Conflicts of Interest
Adam Opel A.G
General Motors German Subsidiary
Corporate Espionage (1993)
Conflict of Interest
Lack of Transparency
Lack of Accountability

Group Chief Compliance Officer
Dr. Frank Fabian
Transparency and open lines of communication, both internally and externally, form a fundamental element of the business ethics of Volkswagen.

Siemens A.G
Power Generation, Electronics
Bribery, embezzlement, tax evasion (2006)
Mannesmann A.G
Engineering, Telecommunication
Conflict of interest (1995)
Full transcript