If Lee Iacocca were dead, he'd be spinning in his grave.
This blog usually has some connection to automotive technology and leaves the business aspect of the industry to those more in the know. But after the board of the now private Chrysler appointed Bob Nardelli the company's CEO, one has to weigh in and wonder what were they thinking (to put it mildly). If Lee Iacocca were dead, he'd probably be spinning in his grave.
You may recall, Nardelli became the poster boy for what's wrong with American corporate culture after he was forced out of Home Depot after running that firm down while fattening his bank account, even, so to speak, as the screen door was slamming behind him. His tenure there saw employees regarded as more of liabilities and problemsso in cutting their numbers, customer service, and business, naturally suffered.
Perhaps the move in appointing him CEO is to intimidate Chysler's workers before upcoming contract negotiationsnot exactly taking a long term, global view, is it?
Speaking of Lee Iacocca, here are some interesting thoughts from his latest book, "Where Have All the Leaders Gone?" which my wife gave me as a gift recently.