Quote Of The Day: Professional Jealousy Edition
Published: July 26th, 2010
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When Chrysler’s CEO Sergio Marchionne took the stage over the weekend to honor Lee Iacocca with an induction into the Walter P. Chrysler Legacy circle, he admitted to feeling unworthy of honoring Chrysler’s most famous executive in recent memory, and called Ford’s Alan Mulally and the UAW’s Bob King to help share the honor. And being the business-obsessed type he is, Marchionne wasn’t about to let Mulally get on stage without at least a mention of Ford’s just-announced $2.6b profit. And though the recognition and ensuing awkward “moment” helped add to the usual Detroit gala hometown booster vibe, it also highlighted the fact that Chrysler still has yet to announce its Q2 results.
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I find it interesting that Whiteacre wasn't invited on stage. Does anyone have any read on what the Detroit royalty think of him? They've obviously adopted Mulally, to the point that he's going to be up for sainthood when he retires but I certainly don't get that feeling about any of the GM alumni.
Here we can see why Marchionne is wearing sweaters - didn't know Detroit car execs were such an affectionate bunch!