BREAKING: Volkswagen Group of America CEO Michael Horn Resigns

We didn't do it! Oh, well we are guilty, but we didn't know! Some people knew, we can't be sure if they did or didn't. Well, we sent a memo but he didn't see it or something. There was a meeting but he was too far away and he said his ear hurt. I quit. I quit! You're fired. I resign. Money!

@Corey Lewis Yeah, classic. I survived some of this stuff during my Last Days At Worldcom. They actually stopped paying the guy who watered all the plants in the office, and required employees to bring in their own office supplies. Meanwhile, all those shares they gave out when the stock was trading for $90 with a $45 strike price were worth maybe $10 by the time they laid me off. Ah well, I didn't need that 72 grand... It got so bad that it was rumored that the Bernie Ebbers (yes, that guy) wouldn't go into any other company facilities other than the HQ building out of fear for his personal safety. But the real hilarity didn't ensue until they stopped paying for coffee. As blunders go, that was right up there with Little Bighorn. You can cut benefits, not give out raises, make people work more, and they'll put up with it...but whatever you do, if you don't want your office to look like like the "to the barricades!" scene from Les Miserables, don't take out the f**king coffee. Just don't do it. Your employees WILL lose their s**t, big time.

@FreedMike I'll have to read up on that company, I don't think I've heard of it before. That situation sounds pretty shite though.

@FreedMike My other comment has to be approved because I said a semi-bad word - but I hadn't heard of that particular name, Worldcom. If you had said MCI I would have known. I still dunno the story though, so I'm gonna read up.

@Corey Lewis Worldcom bought MCI, where I was working at the time of the merger. MCI was a great company. When the Worldcom merger took place their executives began visiting our facility. The men all had beards (just like Bernie Ebbers) and the women all looked and talked like Tammie Faye Baker. (Favorite line from one of the Worldcom Ladies, in an inimitable Southern Girl drawl: "We have janitors in the headquarters that are millionaires!") It was all done with stock maniuplation, and cooking the books to the tune of about $11 billion. When Worldcom collapsed the scraps were bought up by Verizon. The layoff that got me happened because - get this - Bernie Ebbers had all his money tied up on Worldcom stock and when the shares tanked, he had a margin call. The company had to loan him $400 million so he wouldn't dump his shares. So, $400 million went to Ebbers, and 8,000 people got whacked to pay for it. Ebbers is now doing 25 years in Club Fed, where he will die if there's any justice.