Lowly VeeDub Board Member Over Night Millionaire
Who says the little guy can’t profit from Porsche’s mucking-around with the Volkswagen stock? Jochem Heizmann, a lowly member of Volkswagen AG’s BOD and head of Group Production (which doesn’t mean he’s in charge of producing rock groups) just sold a measly 2000 shares of VeeDub stock for a paltry €537.93 a piece, clearing a trifling $1.39m, Europe [sub] says. They unearthed this inconvenient truth after reading the disclosure statements which are now obligatory even in Germany. Previously, Dr. Prof. Heizmann (we are at Volkswagen, after all, which must have more professors than MIT) worked at Audi. He ran VeeDub’s plant in Zwickau, then was responsible for production at Audi again. Just your average engineer. If a guy like him can clear a mil in a few days, anyone can. Or not.