10 Inspirational Leaders Who Turned Around Their Companies
Several U.S. companies have been on the brink of disaster only to be brought back to life under new leadership.
Notes that among the best are those leaders that took on hopeless causes:
Steve Jobs, Apple 1996-2011, who left after a power struggle with Apple's board of directors in 1985, only to return in 1996 when the company was nearly defunct. Jobs cut 350 projects down to 10, which included the iMac and the iconic iPod, iTunes, and iPhone. Under his reign, Apple's stock skyrocketed more than 9,000%.
Lee Iacocca, Chrysler 1979-1992, who pulled the company from the dumpster with the motto "If you can find a better car … buy it." Iacocca, fired from Ford, was picked up by Chrysler, and his solution was to beg Congress for money, somehow acquiring $1.5 billion in government loans. He reorganized, laid off employees, and made revised agreements with suppliers, banks, and unions. Iacocca was responsible for the K-car and minivan, and he paid back loans in 3 years.
Isaac Perlmutter, Marvel Comics, 2005-present, who was first fired from the board of directors when the company claimed a 1996 bankruptcy, but he worked to revive it from the outside as the owner of Toy Biz, Inc., helping Marvel to monetize the comic characters. Perlmutter merged the two companies to pull Marvel out of bankruptcy in 1998. He took over as CEO in 2005 and by 2009, the company was fit enough to be purchased by Disney for $6 billion.
The others on the list include Dan Hesse, Sprint 2007-present; Terry Semel, Yahoo! 2001-2007, ; Richard Teerlink, Harley Davidson 1989-1997; Doug Conant, Campbell's Soup 2001- 2011; Richard Clark, Merck & Co. 2005-2010; and Gordon Bethune, Continental Airlines 1994-2004.
Darin's note: They might have included a woman, but I wrote a piece at the end of 2012 on Power Women, which might compensate: Women of Power and Influence - Top 100 of Forbes.
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Source is Entrepreneur.com
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