Re: CNH/Fiat?

Posted by CNKS on January 24, 2005 at 18:41:03 from (204.249.178.138):

In Reply to: Re: CNH/Fiat? posted by CNKS on January 24, 2005 at 18:30:54:

I said "owned by the McMormick family". It was actually owned by the stockholders, the CEO was "usually" a McCormick, there were couple of CEO's who weren't. The last McCormick to be CEO of IH was Brooks McCormick, who talked the CEO of Xerox, McCafferty, into taking the CEO's position, while Brooks remained on the board of directors. IMO, this accelerated the demise of IH and the rest is history. Details are in the book "A Corporate Tragedy", by Barbara Marsh. The book is somewhat biased against the corporate management of IH, but is probably mostly true.

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