Word: greenwald
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...arrived at Chrysler from Ford following his own bitter ouster by Henry Ford II. The first heir apparent was Harold Sperlich, who preceded Iacocca from Ford and developed the K-car line of compact autos that kept Chrysler alive in the early 1980s. Then came financial wizard Gerald Greenwald, also from Ford, in 1979. As Sperlich faded, Greenwald rose to become vice chairman. Just as he was approaching the throne, however, Iacocca plucked another Ford star in 1986, when he hired Lutz as executive vice president...
...wasn't alone. In the past three years, nine top Chrysler executives have deserted. They included Greenwald, who left in 1990 to lead an aborted worker buyout of United Air Lines' parent company (after pocketing $9 million for his work on that deal, he landed as a managing director for investment banker Dillon Read); and Robert S. ("Steve") Miller, another vice chairman and prospective Iacocca heir, who quit in February to go to Wall Street after telling the board that the right management team for Chrysler would be Lutz as top man and Miller himself...
...Greenwald, 56, who had been courted by Iacocca but wanted assurances that he would get quick possession of the CEO's chair, a demand some directors saw as overplaying his hand...
SENIOR WRITERS: George J. Church, Richard Corliss, Martha Duffy, Otto Friedrich, Paul Gray, John Greenwald, William A. Henry III, Robert Hughes, Eugene Linden, Ed Magnuson, Lance Morrow, Bruce W. Nelan, Walter Shapiro...
SENIOR WRITERS: George J. Church, Richard Corliss, Martha Duffy, Otto Friedrich, Paul Gray, John Greenwald, William A. Henry III, Robert Hughes, Eugene Linden, Ed Magnuson, Lance Morrow, Bruce W. Nelan, Walter Shapiro...