Word: reichardt
(lookup in dictionary)
(lookup stats)
Dates: during 2000-2009
Sort By: most recent first
(reverse)
William Clay (Bill) Ford Jr. agonized over whether to fire Jacques Nasser. But when he decided two weeks ago that the CEO of the family-controlled Ford Motor Co. had to go, he moved fast. Ford called Carl Reichardt, a longtime director and former head of Wells Fargo Bank, and asked him if he would be vice chairman. To his surprise, the 70-year-old Reichardt, whose financial acumen Ford sorely needs, called back two days later and agreed. So last Monday, Ford ushered Nasser into his wood-paneled corner office and took away the keys. "We were just getting...
Then last month, during one of the Ford family's biannual meetings, Bill still found Nasser unwilling to acknowledge the depth of the company's problems. That's when he called Reichardt, who has an impeccable management record. Nasser was finished. (He has declined to comment to TIME...