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2min chapter
Porsche (with Doug DeMuro)
Acquired
Porsche's CEO: Ferdinand Piesch
The German tax regime still is not very favorable to distributing profits. Just the corporate tax rate alone disincentivizes spitting off cash flow and incentivizing reinvesting. At this point under Vida King, Porsche is doing everything they possibly can to reinvest in new models,. Like they're building a new production facility. What more could they do internally with all the money they're making? So they start looking around for other places to put the cash.
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