Word: heir
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Chrysler Picks an Heir Apparent...
...seemed like deja vu all over again when Chrysler's beleaguered directors last week plucked Robert Eaton, 52, from his post as president of General Motors' profitable European business to become Iacocca's latest heir apparent. No sooner had Eaton arrived than insiders began to speculate privately about his departure. "Eaton's biggest problem is that he's probably a nice guy, and nice guys won't last long," predicted a senior executive. "Lee will kill...
...protean treatment by Iacocca of his own proteges hardly inspires confidence that the road will be smooth. The consummate car guy has repeatedly extended and withdrawn his favor since 1978, when he arrived at Chrysler from Ford following his own bitter ouster by Henry Ford II.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...
...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...
Though Britons relished Fergie's outgoing nature, they nonetheless expect members of the royal family to behave with dignity. The new duchess could never manage that for long. When the tabloids were not feasting on rumors of marital stresses between Diana and Prince Charles, heir to the throne, they were sniping at Andrew's spouse for her idleness, her "materialism" and, well, her behavior that was Not Quite His Class, Dear -- reproofs that were said to reflect Buckingham Palace's views. Britons high and low agreed: their revered sovereign and her family deserved better...