The attempt of Porsche to take over VW has gone into history as one of the best examples of financial over-confidence. Porsche was doing really good and decided to bite of more than they could chew, nearly went bust as a result and ended up being bought by the party they originally sought to acquire.
Wiedeking left with a 50 million golden parachute so I don't think he's complaining.
I'm not sure it's about being brilliant, it's about betting the house. G. Sorros bet his house and won, Porsche bet their house and lost. It's all about trying, failing and trying something else if it fails.
http://www.zigwheels.com/news-features/news/volkswagen-acqui...