Success : Who turned around in life ?
March 25, 2017
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Co-founder Steve Jobs left Apple in 1985 after a struggle with its board of directors. He returned in 1996 to serve as interim CEO when the company was floundering and stock prices had plummeted. He became permanent CEO in 1997.
Jobs reduced the 350 projects Apple had in development to 50 and then to 10. Focused on creating the next big thing, he released the iMac, the iPod, iTunes and the iPhone. He also restored Apple’s hip image. Perhaps the best turnaround story of all time, under Jobs’ lead, Apple stock rose more than 9,000 percent. In poor health, Jobs resigned in August 2011, and died two months later from pancreatic cancer

“If you can find a better car … buy it.” That was president and CEO Lee Iacocca’s battle cry as he saved Chrysler from the verge of bankruptcy in the early 1980s. After being fired from Ford Motor Co., Iacocca was hired to rescue the failing automaker. Realizing the company needed money, he made a plea to Congress in 1979 that resulted in federally guaranteed loans of $1.5 billion for Chrysler.
Iacocca restructured management, laid off workers and negotiated concessions from suppliers, creditors and unions. He introduced the K-car and minivan. Chrysler became profitable in 1982 and paid back its loans in three years. Iacocca retired from Chrysler in 1992. The company merged with German-based DaimlerBenz in 1998. It was sold to Cerberus Capital in 2007. In 2009, Chrysler declared bankruptcy. It was purchased from the U.S. government in 2011 by Italian carmaker Fiat.

I would like to share following most inspirational qualities.

Never leave the place.

Fight with confidence

Meet challenges

Think for solutions and act on those ideas.

Never mix up intentions.

Meet challenges, face and handle them.

Courage, actions, mental soundness and handling people.

Isaac started running on smoth roads. how ?

Isaac Perlmutter was a member of Marvel Comics’ board of directors when the company went into bankruptcy in 1996. As the owner of Toy Biz, Inc., he helped merge the company with Marvel to bring it out of bankruptcy in 1998. Focused on licensing for media and products, Marvel improved its cash flow and raised its stock price.
Perlmutter became Marvel’s CEO in 2005. He is known for his cost-conscious behaviors, keeping a low headcount, and even digging paper clips out the trash. In 2009, Marvel was purchased by Walt Disney for $6 billion. Perlmutter continues to serve as Marvel’s CEO; the company is currently valued at $4.2 billion.

About author

Dr Shailesh Thaker

Dr. Shailesh Thaker is a world-renowned management thinker and trainer on organizational behavior and development. He is the CLO of Knowledge Plus Inc., a highly reputed training firm based in Ahmedabad, India, helping organizations to achieve international benchmarks in management practices.

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