By on June 5, 2011

I am sorry I am being brash but when you owe money to people and you pay them back you shouldn’t be celebrating. You just cut them a check and send them home and say thank you on your way out

We’ve given Fiat/Chrysler CEO Sergio Marchionne some grief for his somewhat unseemly self-congratulation at his repayment of “every penny loaned less than two years ago.” This quote, given to CNBC, is more what we were looking for. After all, one imagines that Chrysler doesn’t hold such celebratory spectacles for folks who finish paying off loans on their Calibers and Caravans. Acknowledging the mundanity of Chrysler’s Wall Street re-fi is a much better way for the firm to re-boot its post-bailout relations with the American people. For this quote, as much as for the promising but still-wildly-uncertain turnaround of Americas most troubled automaker, I am happy to extend Mr Marchionne and his team a modest, unceremonious word of thanks.

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4 Comments on “Quote Of The Day: Truer Words Were Never Spoken Edition...”


  • avatar
    Educator(of teachers)Dan

    When this man speaks, I like what I hear. I am always looking to see that his actions match his words. (But I would do that with anyone.)

  • avatar

    Segio has dragged FIAT back from the brink now he has to work his majic on Chrysler, As long as they dont build anymore rubbish and make sure the cars are screwed together properly Fiatsler should be ok

  • avatar
    TonyJZX

    I’m sure he’s paid handsomely for his services however obviously he’s paid a lot less than Red Ink Rick and Nardelli and the other idiots who put the big 3 in the hole… maybe more US companies should think about getting more down to earth Euro executives.

  • avatar
    Dr Lemming

    Exhibit No. 53 in how to beat a dead horse. And make a dumb argument. And look all holier than thou in the process. I guess you could call that a win-win-win.


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