The death of the head of Fiat – Crailsler opens the question of the health of CEOs of large companies

After his sudden death Last week at the age of 66, the discovery that Markione has long been hiding the disease from both the company and its closest associates has sparked a debate over his personal information. Administrators must share with businesses and shareholders.

While some experts point out that administrators have a right to privacy, especially with regard to health, others say that while eliminating bad news about it has helped break the taboo of illness at work and managers and employees. Executives also need to keep in mind that they are primarily accountable to boards of directors, then to employees and investors. "I think it's a classic case: when you're older and sick, you're branded" for organizational psychology and health at the Manchester Business School, UK. "In this case, he might have thought that it would have a negative impact on the company or that he would not let her continue working."

The case of Markione is unique in that it's identified with a new car manufacturer Fiat and Chrysler collapsed.

Financial analysts, considering his intention to retire in the spring of 2019, have already worried about whether his successors would be able to work creatively and flexibly as he did before Marionet set out a five-year plan to the company in June.

While the FCA Board quickly replaced Markione as Executive Director as soon as his family informed him that he could not return to work "due to postoperative complications" , the Swiss hospital where he died Wednesday revealed that he had been treated for more than a year in a serious illness.

"Fiat-Cracked" reacted to this discovery with a statement that the company did not know about Markione's long-standing health.

Thus, at the end of this week, "Fiat-Cracked" lost nearly 11% of the stock market value on an unstable stock market and nine percent on the New York Stock Exchange.

Jeffrey Sonnfeld, professor at Yale University moral, ethical and legal responsibility … to consider negative material consequences and very important information.As a director, you give up a degree of # 39; s privacy. "

Sonenfeld noted as good examples that JP Morgan's director, Jimmy Diamond and Chief Goldman Sachs' Executive Director, Lloyd Blankfajn, informed the board of directors and employees of their cancer cancer and continued to work.

Djuzepe Berta, who wrote several books on Fiat and Fiat-Crairos, and who knew Markione, said that he was surprised because of Markione The disease was not known to the successor to the Anji family, founder and owner of Fiata, and to FCA President John Elkan

"Clearly, the relationship between the director and Markione Elkan's is aggravated. "

Although Markione put" Fiat-Cracked "on a sound financial footing, eliminating the Debt that he had promised, Berta said that this builder was not investing in new products that compete, including electric vehicles and autonomous executive cars, but already

However, such a logic is a useless consequence of vanity, say the experts.

"Nobody, and indeed: no one is irreplaceable," said British professor of business psychology Cooper. . "Everyone was saying," What will there be with Apple after Steve Jobs? "And did the companies do something wrong?"