Volkswagen is reportedly preparing to slash executive bonuses as it continues to deal with the emissions cheating scandal.
The automaker already ousted several top executives after the Environmental Protection Agency first went public with its accusations. Current top executives have not been accused of wrongdoing.
"In light of the company's current situation, an example must be set on the matter of executive compensation," the board decided, according to an unnamed source cited by Reuters .
The report points out that VW's top executives received the equivalent of $80 million USD in total compensation for 2014, significantly higher than German rival Daimler.
The debacle is expected to cost the company tens of billions of dollars in refit costs, criminal penalties and lawsuit payouts. A specific figure will remain unclear until a US recall program is finalized and government agencies move forward with settlement agreements.
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