Power Sheet – November 9, 2015

We haven't updated the Volkswagen disaster in a few weeks, and it definitely merits another look. The situation so far reminds us of at least a couple of important truths: One, even a really terrible situation can get worse, and two, poor leadership can do more damage than anyone would imagine.

This mess is deteriorating in all manner ways. Most seriously, more fundamental bad news of VW deception continues to be revealed. The company announced last week that it had misrepresented...

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