Word: stempel
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...chauffeur-driven car were to break down, General Motors president Robert Stempel is the sort of guy who would roll up his sleeves, look under the hood and fix it himself. Coming of age in Bloomfield, N.J., in the early 1950s, Stempel toiled during the summer as a garage mechanic. After joining GM as an engineer in 1958, he designed a front-wheel-drive transmission for the 1966 Oldsmobile Toronado. Stempel's success with the front-wheel drive, a radical departure that later became a standard feature, accelerated his movement up the corporate ladder...
...former college-football tackle had gone as far as most "car guys" are traditionally permitted to go at GM: the presidency, serving under one of the financial executives who have dominated the chairman's job. But at the moment, Stempel, 55, is the leading candidate to succeed chairman Roger Smith, who must retire at 65 in July 1990. The prospect of an engineer taking charge for only the second time in GM's 80-year history is providing a much needed morale boost for many dealers and employees. "He can talk about automobiles," says Carl Sewell, a Cadillac dealer...
Never before has GM so sorely needed a top-notch tinkerer. As the No. 2 manager at the world's No. 1 automaker (1987 revenues: $102 billion), Stempel presides over a company suffering from a showroom full of image problems. Originally known for the distinctive styling of its separate car lines, GM took a wrong turn in the 1970s when it began building cookie-cutter cars: a Chevrolet Citation was a ringer for a Pontiac Phoenix, for example. At the same time, shoddy workmanship, especially in the notorious X-car line, sent hordes of GM devotees to Toyota and Honda...
...profitable company. Since 1986 the company has eliminated nearly 30,000 salaried employees, or about 4% of its work force, and has begun closing down operations at 16 plants. But it has also invested $50 billion to build eight new plants and modernize 19 others. Says GM President Robert Stempel, 54: "That's the long- term approach. Roger could have forced us to concentrate on short-term earnings, but he didn...
Yale's Associate General Counsel William D. Stempel said that he was unaware of the Ciminos intention to expand their claims for suit...