Chrysler executives messed up without Schrempp's help, too.
It will be an attempt to re-inflate house prices whilst rewarding the same bank executives who messed up in the first place and leaving everyone else to fend for themselves.
They have become a form of semi-guaranteed salary supplement: an executive has to mess up monumentally to get nothing.
In addition to greed, there are four other elements that contributed to the mortgage mess: executive hubris, stupidity, lack of effective risk management and an absence of regulation in the collateral debt markets.
In some ways it would be hard for Chief Executive Christopher Roberts to mess this up.
The costs of McCaw's game keep rising, but his rules don't change: Stay focused on what you know, keep close to people you trust, deploy strong executives to fix your messes, try not to overextend yourself.
The costs of McCaw's game keep rising, but his rules don't change, though he must relearn them many times over: Stay focused on what you know, keep close to people you trust, deploy strong executives to fix your messes, try not to overextend yourself.
The Proposed Cure: Over Labor Day weekend, the company brought in former oil executive Glenn Tilton Glenn Tilton to fix the mess.
She sees U.S. companies as being hamstrung by hard-charging executives who lurch their companies from one strategy to the next, each executive trying to "fix the mess" by reversing most of the decisions of his predecessor.
When those castrating baddies burst into Alexandra's room and froze in their tracks, I couldn't help thinking (God forgive me) of Faye Dunaway as Joan Crawford in "Mommie Dearest," telling a board room of Pepsi Cola executives not to mess with her, fellas; this wasn't her first time at the rodeo.
