[ad_1]
The late founder and head of Fiat Chrysler, general manager Sergio Marconi was a notorious cheerleader who slept regularly in the company's plane.
Source: Beta
(Photo: Getty images)
He traveled continuously between the two coasts of the Atlantic Ocean, often "slipping" on the front page due to faster business decisions. Despite his public profile, he kept a secret from his steering committee: he had been seriously ill for more than a year.
After his sudden death last week at the age of 66, he discovered that Markione had been hiding the disease for a long time from the company and his closest associates. , sparked a debate over what personal information about the directors themselves should be shared with companies and shareholders.
While some experts suggest that administrators have a right to privacy, especially in health, others say that disclosure of bad news would help break the disease label, to the managers and employees. Senior executives must also bear in mind that they are primarily accountable to the board of directors, then to employees and investors.
"I think it's a classic case: when you're old and sick, you're stigmatized," said Keri Cooper, an expert in organizational psychology and health at the Manchester Business School in Manchester.
"In this case, he may have thought that this would have a negative impact on the company or that he would not let him continue working."
Markione's case is unique in that it's identified with a new automaker that was manufactured by two companies that collapsed – Fiat and Craierse.
Financial analysts, considering his intention to retire in the spring of 2019, have already expressed concern about the ability of his successors to work creatively and flexibly as he did before Marionet established a five-year plan for the company in June. . While the FCA Board of Directors quickly replaced Markione on July 21 as Executive Director, his family informed him that he could not return to work "because of complications following a shoulder operation ". He has been treated for more than one year in a serious illness.
"Fiat-Craters" reacted to this finding by stating that the company did not know Markione's long-standing health.
Thus, at the end of this week, "Fiat-Cracked" lost nearly 11% of the stock value on an unstable stock market, and nine percent on the New York Stock Exchange.
Jeffrey Sonnfeldt, a professor at Yale University, said the director had "the moral, ethical and legal responsibility … to consider negative material consequences and very important information." As a director, you give up a degree of intimacy. "
Sonenfeld noted as good examples that JP Morgan's director, Jeremy Diamond, and Goldman Sachs CEO Lloyd Blankfajn informed executive committees and employees about their cancer and continued to work. [19659008] On the other hand, the company "Epl" knew the disease of its founder, Steve Jobs, but in 2008 she published erroneous information about it. "It was worse than towers, it was not the same. was wrong, "said Sonnfeld.
Giuseppe Berta, who wrote several books on Fiat and Fiat-Crairos, and who knew Markione, said that he was surprised because Markione's disease did not even know not the successor of the Anjeli family, founder and owner of Fiat Elkan
"Of course, the relationship between the director and Markione Elkan's shareholder has deteriorated considerably," Berta said. that Markione has established a solid financial base for Fiat-Chrysler, Eliminating the debt he had promised, Berta said the builder was not investing in new competing products, including electric vehicles and autonomous cars, but that he only wanted to implement the five-year plan that he had. He had recently established. However, such logic is a useless consequence of vanity, say the experts.
"Nobody, really: no one is recognizable," said British professor of business psychology Cooper. "Everyone was saying," What will there be with Apple after Steve Jobs? "And did the company do something wrong?"
[ad_2]
Source link
