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Article: CHRYSLER EXECS SCRAMBLE TO FILL EXEC'S POSITION.(Business)
- Article from:
- Albany Times Union (Albany, NY)
- Article date:
- June 1, 1990
CopyrightCOPYRIGHT 1990 Albany Times Union. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Byline: Doron P. Levin New York Times
A day after the abrupt resignation of Chrysler Corp.'s No. 2 executive, the automaker swiftly realigned top management Thursday - but did so in a way that added uncertainty about who would succeed Lee A. Iacocca as chairman and chief executive.
Meanwhile, Gerald Greenwald, who resigned Wednesday as vice chairman of Chrysler and gave up his spot as Iacocca's likely successor, stepped into his new job leading the employee buyout of UAL Inc., the parent of United Airlines.
UAL stock jumped $4.625 a share, to $155.50, on the news Greenwald had signed a five-year contract to be chairman and chief executive of ...