Corruption is widespread in today’s economy, and it does not stop when it comes to the auto business.
Recently, the CEO of Mercedes Benz, Ernst Lieb, 56, was fired for using company funds for uses other than their intended uses.
The new CEO is former vice president of marketing, Stephen Cannon, 50, who will be promoted in January.
Herbert Werner, 56, is the vice president of finance at Mercedes-Benz USA and is the CEO for now.
As you may or may not know, Mercedes Benz is a German manufacturer of automobiles. Cannon, however, is an American and is the second American to become CEO of Mercedes Benz (the first being Mike Jackson).