Nardelli, what are they thinking?

Discussion in 'General Motoring' started by General Schvantzkoph, Aug 6, 2007.

  1. Why would Cerberus pick an incompetent like Bob Nardelli to run Chrysler?
    Obviously none of the Cerberus people have stepped foot in a Home Depot
    lately. Home Depots are much worse then they were before his tenure.

    The man is the poster boy for executive excess, hardly the person to ask
    the unions for any kind of give backs. His record at Home Depot shows
    that he's not the person to take Chrysler in any kind of radical
    direction. I've driven Chrysler's for 20 years, I was hopeful that
    private management would allow Chrysler to get back to there former
    position as an innovator but the Nardelli hiring looks like Cerberus is
    only interested in slashing costs and breaking the company up into to
    General Schvantzkoph, Aug 6, 2007
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  2. General Schvantzkoph

    News Guest

    They don't call the firm Cerberus for nothing...

    "Cerberus was the watchdog of the Greek underworld and faithful servant
    to Hades. He was charged with the job of devouring anyone trying to
    return to the land of the living and refused entrance to living humans."
    News, Aug 6, 2007
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  3. General Schvantzkoph

    Richard Guest

    Exactly what I was thinking. Way too bad.

    Richard, Aug 6, 2007
  4. General Schvantzkoph

    Scootter Guest

    Chrysler is screwed!
    Scootter, Aug 6, 2007
  5. General Schvantzkoph

    Steve Guest

    Don't forget outsourcing to China. Ever notice how many Home Depot
    "house brand" items are now made in China? Almost as bad as Walmart or
    Steve, Aug 7, 2007
  6. General Schvantzkoph

    Lloyd Guest

    Unfortunately, corporate America is like major league sports. Even if
    a coach is let go because he has a losing season, another team picks
    him up. It's a closed fraternity. A part of the problem stems from
    having interlocking boards of directors -- the same people on the
    boards of many other companies.

    If they really wanted to bring in an outsider, why not Jack Welch?
    Lloyd, Aug 9, 2007
  7. General Schvantzkoph

    Joe Guest

    Yeah, it just blows my mind that they'd be that stupid. They could surely
    afford to hire somebody a lot cheaper who hasn't been totally discredited

    The bottom line is, they are all on the side of CEO's. Not just chrysler's
    board, but all of them.. Boards of Directors are always composed of CEO's
    of other companies.

    It'll be interesting to see if some stockholders in some company (any
    company) are able to get out from under these guys some day. A lot of
    times, one officer will get paid more money than the whole company
    generates. The stockholders could steal all that money from the CEO, and
    maybe keep it.
    Joe, Aug 10, 2007
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