Re: Daimler Drops Chrysler
I left GE's employee (on my own terms) about 5 years before the battle for Jack Welch's CEO seat. Bob Nardelli lost and bolted. He was never a retail guy and totally screwed up Home Depot, but that did not stop him from getting a platinum parachute. He was more of a mfg guy, especially in the mold of neutron Jack (cut heads, cut costs, cut service, beat the $hit out of the surviving employees), so he is probably a good fit for the current mess at Chrysler. Surprised he does not visit factories, but he's there to cut/slash costs so they can survive, not grow the business. It takes a real ***** to do what he has to do. If they survive, expect them to bring in a true CEO type who will then slowly rebuild the company. Probably someone with a marketing/finance background. But first they have to live to fight another day.