I thought that Chrysler was doing well before the merger. What does Dennis have to
say about German efficiency?
Charles Brown wrote:
> Why is that the criticism of "bureaucratism" and "undemocracy" are not a constant
>refrains in discussing capitalist corporations and institutions the way they are used
>to describe China or socialist countries ? The below is arch- anti- democratic and
>bureaucratic autocracy.
>
> CB
>
> >>> [EMAIL PROTECTED] 11/21/00 12:03PM >>>
>
> Chrysler purge claims 3 more execs
> Another 24 German managers headed for Auburn Hills
>
> By Bill Vlasic, and Daniel Howes / The Detroit News
>
> AUBURN HILLS -- The new German chief of the Chrysler Group ousted three more
>American executives Monday and promised that "painful" steps will be taken to restore
>the U.S. division to profitability.
> On his first day on the job, Dieter Zetsche demanded and received the
>resignations of three executives closely tied to former Chrysler President James P.
>Holden, who was fired last week by DaimlerChrysler AG Chairman Juergen Schrempp.
> Zetsche, who became Chrysler president on Friday, and Wolfgang Bernhard, who was
>named chief operating officer, are expected to install a bevy of German managers.
> Executives in the United States and Germany said privately that at least 24
>German managers will be dispatched to Auburn Hills to implement Zetsche's
>restructuring plans.
> "Of course, some people will come and stay for awhile," said Michael Pfister, a
>DaimlerChrysler spokesman in Germany. "But I cannot confirm any number."
> Those forced out Monday were Theodor "Ted" Cunningham, the executive
>vice-president of sales; Kathleen Oswald, the division's chief administrative officer
>and highest-ranking woman; and Antonio "Tony" Cervone, the head of public relations
>who had rejoined Chrysler just more than two months ago.
> The departures came as Zetsche and Schrempp addressed the top 400 Chrysler
>managers Monday afternoon and circulated a blunt e-mail afterwards to thousands of
>other employees.
> The drama of the management shake-up was underscored by the continued free-fall
>of DaimlerChrysler's stock price. Company shares hit an all-time low Monday, closing
>at $40.10, down $2.75 in New York trading, mirroring a similar slide in Frankfurt
>earlier in the day.
>
> -clip-
>
> Rest of the article at : http://www.detroitnews.com/
--
Michael Perelman
Economics Department
California State University
Chico, CA 95929
Tel. 530-898-5321
E-Mail [EMAIL PROTECTED]
