I have heard that too, but cannot verify. Comments to that effect were made
by various analysts at the time.
----- Original Message -----
From: <jon@dakota-truck.net>
To: <dakota-truck-moderator@bent.twistedbits.net>
Sent: Saturday, November 07, 2009 5:15 PM
Subject: Re: DML: AOL write up on Chrysler changes...
>
> "Tom Byrne" <kerib@ptd.net> wrote:
> [...]
>> Daimler made a bad situation worse, but it did not cause the problem. If
>> Dieter Zetsche was in charge from the beginning, things may have been
>> different. The new RWD cars and big trucks would have gone over well in
>> 1999
>> and 2000 and maybe he wouldn't have let the passenger car business
>> languish.
>> The idea that Chrysler was just fine prior to the merger (take over) is a
>> myth. I was trading Chrysler bonds at the time. I had the research and
>> all
>> financial statement info at my disposal.
>
>
> From what I have read, some insiders have basically said that the
> beginning of the end was when Iacocca picked Eaton as CEO instead of
> Lutz. Not being an insider myself obviously, I can't confirm or deny
> that, but it sounds feasable as Eaton does seem to have done a pretty
> good job of screwing things up; his crowning "achievement" being that
> of handing the company over to Schrempp. Apparently there was a
> pretty major group of talent that bailed at the same time Eaton took
> over, which probably didn't help.
>
> --
> -Jon-
>
> .- Jon Steiger -- jon@dakota-truck.net or jon@jonsteiger.com -.
> | '96 Kolb Firefly, '96 Suzuki Intruder, Miscellaneous Mopars |
> `-------------------------------- http://www.jonsteiger.com --'
>
>
>
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