  Thejesus Member Username: Thejesus Post Number: 2026 Registered: 06-2006 |
Just heard it on CNN... Jim Press...They said he's going to be the new vice chairman and president (Message edited by thejesus on September 06, 2007) | ||
Craig Member Username: Craig Post Number: 340 Registered: 02-2007 |
No more Nardelli? What a shame. | ||
Thejesus Member Username: Thejesus Post Number: 2027 Registered: 06-2006 |
Nardelli is CEO | ||
Mikeg Member Username: Mikeg Post Number: 1143 Registered: 12-2005 |
From the Free Press: Now Press and LaSorda will share the titles of president and vice chairman. Each man will report to Nardelli..... | ||
Gravitymachine Member Username: Gravitymachine Post Number: 1798 Registered: 05-2005 |
wow, that's a bit of a coup for chrysler, jim press was the first non-japanese person on the toyota board | ||
Fury13 Member Username: Fury13 Post Number: 2175 Registered: 10-2003 |
Sounds like they've got a couple of good "car people" under Nardelli. Chrysler might just rebound. | ||
Lt_tom Member Username: Lt_tom Post Number: 229 Registered: 06-2004 |
Good for CHrysler. I wonder what kind of incentive package Cerberus gave Press. They probably paid an arm and a leg. | ||
Gravitymachine Member Username: Gravitymachine Post Number: 1799 Registered: 05-2005 |
$40 million just for signing up | ||
Lilpup Member Username: Lilpup Post Number: 2703 Registered: 06-2004 |
wow, hadn't heard about this other hiring ~ "Chrysler's other executive hire from Toyota was Deborah Wahl Meyer on Aug. 28. She had been vice president of marketing for Toyota's Lexus luxury division." http://www.bloomberg.com/apps/ news?pid=20601087&sid=aRJkGZPn Kh4E&refer=home | ||
Patrick Member Username: Patrick Post Number: 4900 Registered: 10-2003 |
Press wasn't paid millions by Toyota either, plus wasn't he the only "wide eye" on the board? Cerberus knows what they are doing. | ||
Lt_tom Member Username: Lt_tom Post Number: 230 Registered: 06-2004 |
$40M? Damn. Was that number from a newspaper article or did it come from Auburn hills? I think Press made about $1M a year in salary at TM. I dont know what sort of incentives he had. It looks like Cerberus is serious and in for the long haul with Chrysler, LLC. | ||
Gravitymachine Member Username: Gravitymachine Post Number: 1801 Registered: 05-2005 |
well its just a rumor but... http://forums.thecarlounge.net /zerothread?id=3429853 | ||
Lt_tom Member Username: Lt_tom Post Number: 231 Registered: 06-2004 |
Makes sense. Didnt the new guy at Ford get about $40M as well? | ||
Lt_tom Member Username: Lt_tom Post Number: 232 Registered: 06-2004 |
Makes sense. Didnt the new guy at Ford get about $40M as well? | ||
Darwinism Member Username: Darwinism Post Number: 664 Registered: 06-2005 |
The way things are run at Ford doesn't reflect the way things are run at Chrysler. Alan Mulally is way over-paid. Jim Press isn't paid that obscenely at Toyota, because even the CEO at Toyota doesn't get paid the way that Ford pays its chief executive. Since Cerberus is private, they do not have to disclose anything to the public. Suffice to say it won't be as large a sum as rumored, due to the economics standpoint. Cerberus doesn't grow money on trees. Their investors aren't going to allow unreasonably obscene salaries to Nardelli + LaSorda + Press. Personally, I do not like Nardelli being brought on board, but Jim Press gets my two thumbs up. | ||
Cambrian Member Username: Cambrian Post Number: 1571 Registered: 08-2006 |
I don't like what I am seeing these days. All this money to lure in a few wiz kids, instead of being used to design an innovative product. I don't think this new age management gets it. | ||
Lilpup Member Username: Lilpup Post Number: 2706 Registered: 06-2004 |
Mullaly gets $2 million a year. The upfront money he got was for what he was losing by leaving Boeing. | ||
Bob Member Username: Bob Post Number: 1550 Registered: 11-2003 |
I think Cerberus is really trying to make Chrysler successful. This is huge for them. Jim Press knows the auto industry. Now Chrysler just needs to build more vehicles that people actually want. They have their minivan, but their truck needs to be updated and they needs better cars besides the 300. Let's see what comes out the the relationship with Chery. | ||
Rooms222 Member Username: Rooms222 Post Number: 32 Registered: 04-2005 |
Jim Press gives a TPS report at the the Chicago Auto Show...... Toyota Production System http://youtube.com/watch?v=uw9 vl5NjFl4 | ||
Yvette248 Member Username: Yvette248 Post Number: 915 Registered: 10-2006 |
Hi everyone. Just wondering... You guys can't really believe that someone on a message board really knows how much money a person makes, can you? And Cambrian, I think it takes a little more than "an innovative design" to make a company successful, don't you think? | ||
Cambrian Member Username: Cambrian Post Number: 1574 Registered: 08-2006 |
True, money brought in from an innovative design can do little good if the company is mis managed. Just look at AMC in the 80s, they had a hit with the Eagle, but it did little for them. However a company ran by skilled accountants would seem to be poor formula too. Bean counters would never spend money on Design, and in a competitive market, the car company that builds the cars people want wins. | ||
Hpgrmln Member Username: Hpgrmln Post Number: 141 Registered: 06-2007 |
Everyone I've talked to who had a chrysler van said the transmission gave out.The Intrepids also suffer engine and transmission failure early on. I haven't heard that complaint from Toyota owners.Perhaps product quality will go up with a Toyota guy on board.I would like to think that obtaining him will lead to more reliable cars being built.Im not holding my breath just yet, though. | ||
Yvette248 Member Username: Yvette248 Post Number: 917 Registered: 10-2006 |
Agreed, Cambrian. It seems like Nardelli's goal is to bring in the best to run the functions they are best at. Wow, what a concept! I was skeptical at first, but I'm starting to think this guy may be the real deal. | ||
Wazootyman Member Username: Wazootyman Post Number: 255 Registered: 02-2006 |
Hpgrmln, that problem might have ultimately been the fault of someone at the top. I work for an automotive supplier, and amongst other pressures, one of the greatest is to cut costs. As an engineer, it is VERY frustrating to bring an excellent design to the table, only to have it stripped because it's too costly. Small decisions, such as using nylon screws instead of the originally intended metal screws may save pennies per unit - but cost millions when a major failure is discovered years later due to that decision. It's not usually the engineers who make that call. While quality is huge, so is quick time to market. It's a balance that sometimes ends unfavorably for the consumer. Unfortunately, sometimes you can't predict a failure until it's been out in the field, and by then you've got millions of units that have failed or may soon fail. While the supplier of the transmission is mostly at fault, it is Chrysler that decides what to do; in the public's eye, it's THEIR product that failed. Recalls can help and hurt a reputation at the same time. They cost Chrysler and the supplier a LOT of money. Recalls can entirely bankrupt smaller suppliers. I would say that the head guy can make or break a company, as he has the biggest say in how resources are directed. | ||
Lilpup Member Username: Lilpup Post Number: 2711 Registered: 06-2004 |
You think Nardelli brought him in or the honchos at Cerberus did? IIRC the guy who founded Cerberus grew up blue-collar, son of a steelworker, not some Wall Street who knows nothing but numbers. He's a former paratrooper & one article I read says he drives a Chevy pickup to definitely non-fancy offices in NYC. Sounds like he might be a little hands-on. | ||
Yvette248 Member Username: Yvette248 Post Number: 920 Registered: 10-2006 |
The Lexus lady was picked by LaSorda. Nardelli is running the show. | ||
Livernoisyard Member Username: Livernoisyard Post Number: 3837 Registered: 10-2004 |
quote:Yeah! A successful company might just need another marketing schmuck lying around the place. | ||
Lilpup Member Username: Lilpup Post Number: 2741 Registered: 06-2004 |
They got GM's former top exec in China, too! quote: |
