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...lived just across the river from Detroit, is not a micromanager. He declined to be interviewed, but in a first-person account of the Fiat turnaround published in Harvard Business Review, he talked about how he had abandoned the "Great Man model of leadership" that long characterized the Italian firm. Fiat's Great Man was the late Gianni Agnelli, grandson of founder Giovanni, whose family was nothing short of Italian industrial royalty and still controls the firm...
Marchionne has no such regal aspirations. He doesn't even own a soccer team. He's not a flashy dresser, sporting casual, open-necked shirts and spending his free time quietly with family by Lake Geneva. He's at the firm to manage Fiat, not rule it. "My job as CEO is not to make decisions about the business but to set stretch objectives and help our managers work out how to reach them," he wrote. It worked at Marchionne's previous job, as head of a Swiss inspection and verification company called...
Others claim the movement could be a Machiavellian conspiracy against certain parties. Pollsters consider that a low turnout would favor the Institutional Revolutionary Party (PRI), which ran Mexico for 71 straight years until 2000 and still has the largest number of card-carrying members. A survey by polling firm Demotecnia predicts that the PRI will carry 36% of the vote on election day, while President Felipe Calderon's National Action Party will drop to 31% and the leftist Democratic Revolution Party will get a meager...
...That seems to be the multibillion-dollar question in an ongoing court battle that pits Greenberg and his firm Starr International against his former employer AIG. The deeply troubled insurance giant claims Greenberg, through Starr International, improperly gained control of hundreds of millions of shares of AIG stock when he was booted from the company in 2005. (See 25 people to blame for the financial crisis...
...firm says it hopes for "large savings" through its work-for-nothing proposal, which closes on June 24. More than 1,000 BA staff have volunteered for unpaid leave or part-time work in the past month. Interest from those willing to work unpaid, meanwhile, has thus far "gone into the hundreds," the spokesman says...