I don't know why this impression is so widespread. The prosecutor's office started investigations immediately, there have been quite a few raids in offices and private homes over all this time, yet, online commenters always claim that Germany wouldn't prosecute (or would not prosecute managers).
I pointed out that the Enron scandal events started in the 90s, started making news in 2001, and Skilling was sentenced in 2006.
The wheels of justice grind slowly.
[1] https://www.theguardian.com/business/2017/dec/06/oliver-schm...
(in case it's not, the /s should be obvious)
Of course reasonable doesn't mean it is the truth. I have no idea what the truth is, but the fears are reasonable.
That’s not quite correct. The shares are owned by the state of Niedersachsen, not the federal government. And they don’t own 25%. They own 11.8%, though they have 20% of the voting rights.
Oh, and public pressure just made the politicians stop. On the other hand public pressure can never stop copyright reform because politicians clearly don't care about the voters.
Maybe you should readjust your mental image of Germany.
Maybe a lifetime of seeing governments fail to enforce laws against the rich?
The legislative is not the executive is not the judicial. Don't throw the whole government into one basket.
Don't even throw the whole of a single branch of government into one basket.
There's a lot of independent actors and parties involved.
It's not wrong but it's not telling the whole truth either. More rigorous metrics like YPLL would be better. A 20yo that drops dead is different from an elderly person that dies of lung issues a few years before cancer would have got them and more meaningful metrics attempt to capture this. "Deaths" is just a number and it doesn't tell you much. Age adjusted metrics don't make for bolt headlines or effective emotional appeals so it's understandable why nobody uses them.
In places where diesel isn't placed on a pedestal to suppress gasoline usage, air quality is far better than it was 40 years ago.
An MIT study claims over 1,200 premature deaths in Europe due to the fraud. [2][3]
[1] https://www.nytimes.com/2015/09/29/upshot/how-many-deaths-di...
[2] https://www.nytimes.com/2017/03/06/science/volkswagen-emissi...
[3] https://news.mit.edu/2017/volkswagen-emissions-premature-dea...
So VW traded Y number of deaths for extra marketshare and profit.
Engineer: "The only way to do that is to..."
Manager interrupts: "I don't care about the details. You said it could be done"
Engineer (silently): "Ok well I guess I'll go to jail or see my family fall on hard times"
This cheating literally cost thousands of lives, so I'd say some time in prison is perfectly fair. Fines are useless because it is not the executives who pay.