Word: mcnerney
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Moreover, Coach Weiss has brought together an excellent coaching staff, one that has been a key factor in Harvard's recent ascent. Joining him are veteran team of assistant coaches that includes former Soviet National Coach Granit Taropin and former Harvard All-Americans Dustin DeNunzio '99 and Andy McNerney...
Yeah. But two other GE executives were possibly even bigger winners than Immelt: Robert Nardelli and W. James McNerney, two Welch-trained knights-in-the-running who failed to win the crown. With Welch's shoes filled--if that's possible--these executives won't stay at GE much longer, and the pay packages that land them will probably dwarf what will initially be given to Immelt. A signing bonus in the tens of millions of dollars? Instant vesting in stock plans? Huge guaranteed annual bonuses? A big chunk of the company? Such goodies are widely available to top-flight...
...since the French Revolution have so many executive heads rolled--courtesy of falling profits and stock prices and impatient boards--leaving vacancies strewn all over the FORTUNE 500. Maytag, 3M, Lucent and Gillette are among the headless, and any one of them could rain instant millions on Nardelli or McNerney or similarly qualified executives...
Indeed, Welch, who will be with GE another year, seems to have already said his goodbyes. "You can be sure that they're being pursued very aggressively on the outside and are evaluating their options," he said of Nardelli and McNerney while announcing that Immelt will be his successor. It was as though he wanted to start a bidding war. Was that the consolation prize...
...will continue to benefit from an outstanding coaching staff, headed by Weiss, The Harvard Crimson's 1999-2000 Coach of the Year. Joining Weiss is an experienced team of assistant coaches which includes former Soviet National Coach Granit Taropin, and former Harvard All-Americans Dustin DeNunzio '99 and Andy McNerney '83. With a top notch coaching staff and the leadership of co-captains Fran Volpe and Picarsic, this team of seasoned veterans and promising freshman is poised to be a major force in the EIWA and NCAA...