Sergio Takes No Prisoners and Never Sleeps
Date 2009/8/16 21:38:17 | Topic: Miscellaneous
|The more I read about Sergio Marchionne, the head of Fiat-Chrysler, the more I like him. Forget about the fact that we're both Italian (okay, I'm just a 3rd generation Italian-American, but I have an un-natural love for gnocchi) and have dashing good looks, this guy really seems to be saying all the right things.|
This recent Business Week article really cements it for me. While some people may not like the internal in-fighting that Sergio's management style no-doubt creates, it seems to me that this is exactly what new management should do - shake things up. From the article,
He isn't afraid to promote from deep in the ranks, and he expects executives to put in seven-day weeks as he does. That's how he brought Fiat back from the brink. "Only two people have turned around car companies (recently), Sergio and Nissan's Carlos Ghosn," says Ron Bloom, who heads the U.S. Treasury Dept.'s Auto Task Force. "His decision-making moves quickly. He's a firm believer in meritocracy."
Don't feel bad, I had to look up "meritocracy" too. It means that decisions and promotion are based primarily on merit. Nothing wrong with that.