Bob Nardelli Moves to Chrysler
Price: 200
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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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