Porsche Profits Once Driven By Hedge Fund Trading, Not CarsMark Melin
Leading up to 2008, Porsche wasn’t really a car company and its then CEO, Wendelin Wiedeking, was getting rich off a profit incentive that many hedge fund managers live and die from.
As the financial crisis approached, Porsche reported earnings of $11.5 billion, which observers noted was an odd achievement. Putting this in mathematical and historical perspective, in fact, it was shocking.
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