Thursday, November 20, 2008

Nardelli Doesn't Deserve $1 A Year

Bob Nardelli said that he agree to work for $1 a year if Chrysler gets government help. This is a clinical case, Nardelli is not Iacocca. Yes, Lee Iacocca, after receiving government help, set $1 salary for himself, sharing sacrifices with employees. But Iacocca, before becoming CEO of Chrysler, was a successful manager at Ford, launching two great cars, Mustang and Fiesta. What successes Nardelli had? He almost killed Home Depot, destroying shareholders value. Does he understand anything about auto industry at all? We don't know. He should go. Of course, Wagoner is the first, but Nardelli is close second.

Seeking Alpha Certified

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