Volkswagen Clawback

Volkswagen's Dieselgate scandal has been ongoing for the past five years. Recently, former CEO Martin Winterkorn has agreed to pay the company €11.2 million ($13.7 million) in a clawback. Although Winterkorn was not found to be responsible for the development of the defeat device, he was in a meeting when the defeat device was discussed. In his role as CEO, he breached his duties by not investigating the defeat device and its possible use. Additionally, former Audi CEO Rupert Stadler agreed to a clawback of  €4.1 million ($5 million) for failing to investigate whether engines developed by Audi were rigged to cheat emissions tests.