LaSorda Death Watch?

Frank Williams
by Frank Williams

Chrysler's former CEO and current president Tommy Lasorda says his turnaround plan is on target and on course– ish. "The plan is robust, but we'll have to wait and see what happens in the economy." Other than creating some career-protecting wiggle room, Lasorda would like us to know that he won't be booted after the UAW contract negotiations are finished. The Detroit News says Tommy says he signed a contract with Cerberus– but declined to discuss its terms or duration. Hmm. Given Cerberus' "take no prisoners" modus operandi, Boot'em Bob Nardelli's pledge to press fast forward ("if we can do it faster, more efficiently, that's what we're going to do") and LaSorda's ascension to Vice Chairman of Cerberus Operating and Advisory Company (a.k.a. "the bullpen"), expect LaSorda's turnaround plan to mutate even as his golden parachute unfurls.

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  • Gentle Ted Gentle Ted on Aug 22, 2007

    Lasorda sold his Soul to the Company after having been a Union Man in his older life, it is fitting that they will turn on him and ruin his life, whether his Golden parachute will help or not!

  • Glenn126 Glenn126 on Aug 22, 2007

    Besides, death watch is too strong. "It's only a job" in the long and short of things. Not his life. (This isn't some crazy country where you get your head cut off for not doing a good job).

  • Seldomawake Seldomawake on Aug 23, 2007

    @Gentle Ted: Fitting or not, with the size of the parachute he's likely getting, I suspect his life is far from ruined...