BERLIN/LONDON (Reuters) – Like many chief executives, Martin Winterkorn was a demanding boss who did not like failure. But critics say the stress on managers at Volkswagen was uncommon, which can go some strategy to explaining the carmaker’s crisis.
By 2003, Alibaba started work on its first major departure from business-to-business e-commerce. Ma summoned a small group of employees, giving them the option to carry on with their regular work or signal a doc and start a secret project, said Shou Yuan, a former worker who took that second option. The continuing spate of scandals reinforces doubts concerning the effectiveness of such efforts. Wells Fargo’s debacle – involving the creation of as many as 2 million accounts without customers’ permission – is just the newest black eye for bankers.
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