Word: turnarounds
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...November Lutz brought in an outside consultant to help fix the design process. But mainly he has simply let it be known that the designers are now in charge. That approach has worked famously well at newly revived Nissan, where one of CEO Carlos Ghosn's first turnaround maneuvers was to take designers out from under the arm of engineering. "You have to unleash the creativity," says Ghosn. "Otherwise, you are dead...
Lutz believes GM will be a turnaround story like Chrysler by the time he leaves in three years. "This gang has just the esprit de corps and even more capability than we had back then," he says. He acknowledges that once he left Chrysler, the company lost sight of its high-design, low-cost mission. "I realize now that what I have to do here is leave behind a system that works." Really, that's Rick Wagoner's job, but now he'll get a jump start from Bob Lutz...
With momentum safely on its side, the Crimson was able to complete the turnaround with 6:57 to play in the contest, as freshman forward Tom Cavanagh potted his second goal of the season—and the eventual game-winner—with assists from Kolarik and Capouch...
...turnaround I love is J.C. Penney, which has 2,600 Eckerd drugstores. That's really the jewel in the whole piece, and they own a catalog business that is quite good too. Alan Questrom came in in May of 2000 and turned it around. You can make a case that this stock will hit between $40 and $50, and the stock is now at $23. They're doing a lot of things: new operating systems, changing the merchandising, lowering price points. The story is definitely working. Eckerd's is a great business because they're in the greatest places. They...
...turnaround started midway through the first frame when forwards Dennis Packard, Brett Nowak, and Rob Flynn picked up their forecheck and forced a turnover behind the Brown goal line...