Failing upward
So these masters of the universe — the “private equity” boys — take over Chrysler, and what do they do? They hire the guy who blew it at Home Depot to run the company.
I find this comforting, because from time to time I am disappointed with certain aspects of my professional career. Then I realize what a huge racket it is. That doesn’t mean there aren’t, usually, rewards for excellence, and penalties for lackluster performance. But at a certain point, it’s pretty clear that nothing really matters and to a large extent the goodies really are doled out — contrary to what we were taught in the Economics Department at college — arbitrarily, or worse.
So be it. Maybe it’s not really, so much, “me” after all. That doesn’t excuse one from making the effort, but it provides a little comfort. Unless, that is, you own Chrysler stock.
August 6th, 2007 at 7:53 pm
I’ve never bought a Chrysler, and don’t plan to.
Hiring this guy – that overbuilt Home Depot and instituted lousy customer service – will guarantee that I won’t have to change my opinion about Chrysler anytime soon.