Monday, August 6, 2007

Zarella.... Part Deux

The excellent site Dr. Housing Bubble has a great article today which runs 4 scenarios for real estate. Every market is different but this is a great easy to understand analysis. For those who think the real estate market has seen the worst, you may want to think again.

Regarding the announcement this morning of the appointment by Cerberus of Bob Nardelli, he of Home Depot fame, as the new CEO of Chrysler. All I can say is Ron Zarella ? Those who don't learn from history are doomed to repeat it. What the shame here is that the GM/Zarella debacle is very recent history. It's not from a century ago where you can use the excuse that they skipped history that day. Regarding Nardelli's pay package, Clay Ford and the Lions just signed Calvin Johnson to 6 years for 64 million(nothing like having to prove yourself, eh!) so you take a guess. Who runs Cerberus again, oh yeah, John Snow, Dan Quale, The Ivy League, et al. It would be tragic if it were not so funny. GM's choice of Zarella and now Nardelli for Chrysler makes Ben and Jerry's Yo I want to be CEO write in contest seem like a viable alternative. But I am a cynic. At least the public will be spared the financial damage of Nardelli which GM shareholders were unable to avoin. Hence I will now call Nardelli's hiring Zirella... Part Deux !

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