Bob Nardelli Moves to Chrysler

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Details
Case Code:

CLHR025

Case Length:

3

Period:

Pub Date:

2009

Teaching Note:

NO

Price (Rs):

200

Organization:

Chrysler Corporation

Industry:

Automotive

Country:

US

Themes:

Compensation Policy

Abstract

This caselet discusses Bob Nardelli appointment as the Chairman and CEO of Chrysler (which became a part of US-based private equity firm, Cerberus Capital Management, in August 2007) for a base annual salary of $1. It talks about Nardelli’s controversial severance deal with Home Depot where he had been the CEO, and some of the challenges that he faced in turning around Chrysler.

Learning Objectives

The case is structured to achieve the following Learning Objectives:

  • 0
Keywords

Robert Nardelli, Home Depot, Chrysler, Cerberus Capital Management, severance package, turnaround, United Auto Workers, DaimlerChrysler AG, Tom LaSorda, autocratic manager

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