The bid left the Porsche holding company with debts of €10 billion, whilst Wiedeking walked away with a severance package of €50million. After his departure from Porsche Wiedeking was charged with market manipulation for his role in the takeover bid. The charges were dropped in July 2016 due to a too little chance of success. Other At the suggestion of the Baden-Württemberg parliamentary party CDU Wiedeking was invited to take part in the Federal Convention in 2004 to the election of the federal president. In the end of 2007 in the annual survey "Manager nach Noten" by the consulting company Marketing Corporation that interviews 1000 managers he received the second best rating. In the middle of 2009 he only reached 12th place Since 2005 he is shareholder of the shoe manufacturer Heinrich Dinkelacker with 30%. The company’s headquarter is in Bietigheim-Bissingen. In addition to that he invests in Internet firms such as the online holiday lodge provider e-domizil GmbH & Co. KG. Since 2013 he is establishing the restaurant chain Tialini. In 2008 Wiedeking founded two charities with 5 million euros private capital each. Both charities, one in his hometown Beckum and one in Bietigheim-Bissingen where he lived for many years, only pursue charitable purposes. Their main goal is to support families, children and young people in need. Among others they support the Seehaus Leonberg and the youth center Sperlingshof. Honours Whilst at Porsche, Wiedeking appeared several times in the American automobile magazine Motor Trend's "Power List" (05/06/07/08/09). The article ranks the most influential people in the automotive world; in the 2005 article he was ranked as #6, in 2006 he was ranked #3, while in the 2007 article he was ranked as #4. Wiedeking dropped to #7 in 2008, but reached a personal high #2 in 2009. Other accolades include 1994: Manager of the year 2002: Order of Merit of the Federal Republic of Germany 2002: Decoration of Honour for Services to the Republic of Austria 2002: German Images Award 2003: CICERO Speaker Prize 2005: Honorary Doctorate from Handelshochschule Leipzig 2005: Peter Stihl Prize 2007: Order of Merit of Baden-Württemberg (Verdienstmedaille des Landes Baden-Württemberg) 2008: European Manager of the Year Private life Wiedeking is married and has two children: Isabel Wiedeking, born in 1983, and Wendelin Wiedeking Junior. He currently lives close to Stuttgart. References External links Wiedeking on "The Power List" at American automotive magazine Motor Trend Business