Leading up to 2008, Porsche wasn’t really a car company and its then CEO, Wendelin Wiedeking, was getting rich off a profit incentive that many hedge fund managers live and die from.
As the financial crisis approached, Porsche reported earnings of $11.5 billion, which observers noted was an odd achievement. Putting this in mathematical and historical perspective, in fact, it was shocking.
![Porche Hedge funds](data:image/svg+xml,%3Csvg%20xmlns='http://www.w3.org/2000/svg'%20viewBox='0%200%20875%20414'%3E%3C/svg%3E)
Prosche's profit from per car sold
With that type of profit, Prosche made an amazing $136,000 gross profit per car sold. After selling a record 98,652 cars during the year,...
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