"The CEO (who, coincidentally, was also in charge of Chrysler when it was circling the drain a few year ago)"
With a resume like that, we can't lose! I can't help but think this was all some sort of sick
Hudsucker Proxy thing, but that's probably giving Cerberus too much credit.
It will be interesting if, distracted by enormous upheaval away in the ivory towers, management is so preoccupied that the company begins generating quality products again.
Anyone still think the R51 2.0 is just around the corner?
"The new CEO is Jim Marcotuli, whose primary background was at Lockheed Martin."
From a Google search;
"he spent 15 years at Lockheed Martin’s Aeronautics Material Management Center, where he held various functional positions and key managerial assignments within procurement and operations related to improving supply chain management systems and reducing operation costs. He has been Lead Director at Remington Outdoor Company, Inc. since September 16, 2014."
Also appears he had a second/parallel career in the bus industry (bluebird and north American bus industries) before working way over to Cerberus. Billed as a cost-cutting whiz...
Oh well, at least he merely has a BS in Business from Penn State, so perhaps he's not an overeducated fool after all
. To my way of thinking, a double MBA blueblood who spent 20 years in Harvard all told probably isn't a great fit for a gun company
From Google on the outgoing guy:
"Mr. Kollitides has a Bachelor of Arts in Economics from Lafayette College, where he currently serves on the school’s Financial Policy Committee, and a Master of Business Administration from Columbia Business School in Finance and Management of Organizations."
Okay, not quite as bad as I'd imagined, but closer
TCB
