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I hate to be unkind, but this book is padded with sympathy building with his wife's health. Put that aside...
Turn around? Ok, if screwing the retirees in a "pre-packaged" chapter 11 is a turn around, you'll love this tripe. I didn't find a single original thought in this book. The perception that cut cut cut turns anything around is what is wrong with the base of our economy. This guy is very old-guard and you'll gain nothing from listening to this phony.
I particularly resent that he hides behind his wife's death and a dabble of charity work to blur his turn around technique.
You'll hear a few interesting anecdotes but you won't learn business technique.
Next time you hear about a company whining to get out from under health care and pension benefits, remember that those funds should be protected and not considered part of a company's cash reserves.
BTW---this guy makes the point that he started out wealthy so he never had to worry about actual results---he could walk away or be canned anytime without suffering lifestyle. Big deal. Wouldn't it be easier to "turn things around" if you didn't have to worry about your own economic status?
Lastly, his final "turn around" was at Delphi. Take a look at how they're doing and you'll see what kind of turn around he brought them.
10 of 13 people found this review helpful
The book is Steve’s account of his professional life. The book was interesting because of his dealings with iconic companies.
I thought there would be more takeaways based on his experience. Sadly, there were not.