Newsclip®: [Business] Activist investor TCI tells VW to overhaul board pay, operations

"LONDON: Activist investor TCI upped the pressure on loss-making German carmaker Volkswagen (VW) on Friday, demanding it overhaul its `excessive` executive pay scheme as part of a plan to boost profits and end years of `mismanagement.`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's top bosses would get millions of euros in bonus payments.In a letter to the executive a",

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