Derailed : Lessons Learned from Catastrophic Failures of Leadership
Derailed : Lessons Learned from Catastrophic Failures of Leadership
- ISBN 13:
9781595552747
- ISBN 10:
159555274X
- Edition: 1st
- Format: Hardcover
- Copyright: 11/03/2009
- Publisher: Harpercollins Christian Pub
- Newer Edition
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Summary
Vibrant stories of well-known execs who failed spectacularly as senior executives of major corporations.Bob Nardelli, Dick Fuld. What do they have in common? Both were execs in huge corporations and resigned under less-than honorable circumstances. What derailed them? During Nardelli's tenure as CEO at Home Depot, he collected a tidy $240 million while his company's stock stayed flat as that of its biggest competitor, Lowe's, doubled. It's hard to tell what sunk him in the end: was it stockholder disgust or his hardnosed and autocratic style? He was ousted in 2007.Fuld was the last CEO of Lehman Brothers Holdings, Inc., which led America's banks into bankruptcy in 2008. Employees were left with nothing in their hard-earned retirement accounts, and no severance packages at all, while stockholders fared no better.Read about these and other colorful and entertaining derailers who misread the symptoms of their own doom and failed to take the corrective actions needed to sustain their viability as leaders. Tim Irwin chronicles the vibrant stories of well-known leaders who failed as senior executives of major corporations.