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Old 29th July 2005, 09:28   #1
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Default Mercedes Benz / Daimler Chrysler change of Leadership!

Accused of several value destroying initiatives, Chief Executive Jurgen Schrempp has been unceremoniously fired by Daimler Chrysler.

Jurgen was always a strong yet extremely controversial personality. From failed investments in aircrafts to the arguably disastrous merger with Chrysler...Jurgen is also responsible for the shift in Mercs philosophy from over-engineered automobiles to "cost-effective" products.

Link to MarketWatch Story

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