When Jack Welch was done steering GE, it was a battle to the finish, both the successors, Robert and Jeff (Immelt), ran for the throne. Bob was Jack's favorite but still Jeff got the chair. Anyways this didn't stop the market to look for another Al Dunlap like clone, and this time they found one: Robert Nardelli!, so the ailing Home Depot hired the guy.
Robert did a pretty good job with the E-Theory is battling and increasing the shareholders' value. He was not liked on the floor, well at least that's what the Businessweek's story went when Bob was asked to leave, and they gave each other high fives when Bob was "ousted". Anyways I personally think that Bo did the job what he was told to do. That is the case with most of the appointments, and as we see the ailing Chrysler, which was disjoined from Daimler, many industry analysts didn't agree with the merger, and this article ran at Forbes to free Chrysler. Anyways Cerberus did come to the rescue and bought it.
Now how to bring back the good ol' Chrysler back on track? I'm sure the board room resounded in unison: "We need an E-guy", but I think they ought to really think again and see if they need the E-O synthesis or a mere E-guy. There are many theories but an integrative thinker and leader might help setup the company back to its throne. Maybe Bob will do the E-work and they'll hire someone else to do the O-job,very crucial, no matter where you stand, winning or losing.
Anyways I wish Bob good luck and hope that he can put all the time he has had to reconfigure his leadership style, and this time come out as a winner after everything is back on track.
Read the news at Forbes.com
Robert did a pretty good job with the E-Theory is battling and increasing the shareholders' value. He was not liked on the floor, well at least that's what the Businessweek's story went when Bob was asked to leave, and they gave each other high fives when Bob was "ousted". Anyways I personally think that Bo did the job what he was told to do. That is the case with most of the appointments, and as we see the ailing Chrysler, which was disjoined from Daimler, many industry analysts didn't agree with the merger, and this article ran at Forbes to free Chrysler. Anyways Cerberus did come to the rescue and bought it.
Now how to bring back the good ol' Chrysler back on track? I'm sure the board room resounded in unison: "We need an E-guy", but I think they ought to really think again and see if they need the E-O synthesis or a mere E-guy. There are many theories but an integrative thinker and leader might help setup the company back to its throne. Maybe Bob will do the E-work and they'll hire someone else to do the O-job,very crucial, no matter where you stand, winning or losing.
Anyways I wish Bob good luck and hope that he can put all the time he has had to reconfigure his leadership style, and this time come out as a winner after everything is back on track.
LaSorda, whose two-year turnaround strategy has been endorsed by its new owner — and apparently by Nardelli as well — will remain with Chrysler as vice chairman and president, reporting to Nardelli. His responsibilities will include manufacturing and procurement, among other duties. Ronald Kolka, who had been vice president of financial control before the sale, is expected to be named Chrysler’s chief financial officer. Eric Ridenour, an engineer who was Chrysler’s number two executive under LaSorda, will leave the company after 23 years.
“We are excited to welcome Bob to the Chrysler family,” LaSorda said in a company statement. “Bob has a proven track record of success and an unwavering focus on performance, and brings deep operational experience and a broad industry background to Chrysler.”
“I am very excited to be part of a team focused on re-establishing Chrysler as a standalone industry leader, with a renewed focus on meeting the needs of customers,” said Nardelli. “Chrysler has many deeply talented and dedicated people, and I am confident that together we can continue the momentum of Chrysler’s recovery and return this great American icon to a path for global growth and competitiveness.”
Read the news at Forbes.com
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