CHAPTER 19
CERBERUS, JPMORGAN, AND LEHMAN
RISK QUOTE: We shall not flag or fail….We shall fight on the beaches, we shall fight on the landing grounds, we shall fight in the fields and in the streets, we shall fight in the hills; we shall never surrender.
—WINSTON CHURCHILL, BRITISH STATESMAN
RISK QUOTE: I don’t want to achieve immortality through my work…. I want to achieve it through not dying.
—WOODY ALLEN, MOVIE PRODUCER
Cerberus and Chrysler
The story of Bob Nardelli from Home Depot, begun in Chapter 3, continues with his acceptance of the CEO position at Chrysler. After Cerberus acquired the company, the board and senior executives knew that something bold would be needed to turn around Chrysler. Cerberus hired Mr. Nardelli in August 2007. ...
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