| Ex-Home Depot head Nardelli named as Chrysler's new boss, LaSorda takes No. 2 spot
AUBURN HILLS, Mich. — Chrysler got a taste of its new owner's swift and decisive style Monday as its chief executive was demoted and the former head of Home Depot was tapped to lead the automaker through a major restructuring. Bob Nardelli, who left The Home Depot Inc. in January after a shareholder rebellion over his outsized pay, was named chairman and chief executive of Chrysler LLC, replacing Tom LaSorda, who is taking the No. 2 slot. The changes came just three days after the private equity firm Cerberus Capital Management LP acquired a majority stake in Chrysler. "The new Chrysler has the opportunity to prove that the private business model can thrive in this industry," Nardelli said. "We have an opportunity to really make a significant change in the auto industry." LaSorda said Nardelli is a strong manager who has helped companies grow and he is happy to be working with him.
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Ex-Home Depot boss to lead new Chrysler
AUBURN HILLS, Mich.—Chrysler got a taste of its new owner's swift and decisive style Monday as its chief executive was demoted and the former head of Home Depot was tapped to lead the automaker through a major restructuring. Bob Nardelli, who left The Home Depot Inc. in January after a shareholder rebellion over his outsized pay, was named chairman and chief executive of Chrysler LLC, replacing Tom LaSorda, who is taking the No. 2 slot. The changes came just three days after the private equity firm Cerberus Capital Management LP acquired a majority stake in Chrysler. "The new Chrysler has the opportunity to prove that the private business model can thrive in this industry," Nardelli said. "We have an opportunity to really .
They back this comeback
When Doc Rivers called former Pacers coach Rick Carlisle last Monday and asked about Reggie Miller as a person and a player, the response on the other end was quick and unequivocal. "One of the all-time greats," said Carlisle. "If you can get him, get him." Within 24 hours, Miller and Carlisle spoke about the prospect of the future Hall of Famer returning for a title run with the Celtics. "We talked about it and agreed that it was something that deserved careful consideration," said Carlisle. News of a possible Miller comeback broke last Wednesday. Initially, the idea of the soon-to-be 42-year-old Miller reentering the league lent itself more to punch lines than serious consideration. But with Danny Ainge and Miller acknowledging conversations and Miller testing his body with two workouts per day, it seems less of a long shot now.
Alexander M. Jackson, not a proud New Mexican
Alexander Melvorne Jackson is little noted by New Mexico historians in spite of the fact that he served as the number two ranking administrator in territorial New Mexico. President James Buchanan named him territorial secretary in 1857 and he held the job until the Civil War began. Secretary at the time was a position second only to the territorial governor. There was no such office as Lieutenant Governor. The job paid well, too; $500 per quarter. Two thousand dollars per year was a considerable sum at the time.A. M. Jackson was born in Ireland, but immigrated to the United States -Alabama- as a young child. He moved on to Tennessee and then to Ohio where he took up the study of law. Back in the south - Mississippi - he began the practice of law in 1842. He also helped edit the Ripley Advertiser.
Developers seek tax breaks, bonds for proposed hotel
NEW ORLEANS (AP) - Government agencies are weighing developers' requests for tax-exempt bonds and other tax breaks that could help build a $210-million luxury condominium and hotel building in the city's Central Business District.Lead developers Darryl Berger and Roger Ogden have gotten preliminary approval for a $190 million tax-exempt bond issue from the State Bond Commission and the Industrial Development Board of New Orleans, which will more closely consider the proposed 340-foot tower at Canal Place once a cost-benefit analysis is done.The city council recently voted to designate the proposed building site an ''economic development district'' whose sales tax revenue could be used to secure bonds to help fund construction. That ordinance and a proposed one - which would authorize Mayor Ray Nagin to sign an agreement with the developers that would ''make it economically feasible'' for the Industrial Development Board to issue bonds - were introduced at the request of the Nagin administration.
Twellman stars for Revs
FOXBORO - Fortunately, Taylor Twellman found the back of the net.What with 35,402 fans on hand disappointed that David Beckham was not in uniform and unavailable for duty for the Los Angeles Galaxy, they would have been doubly distraught with a nil-nil (scoreless) deadlock.But, the New England Revolution's all-time career goal-scoring leader notched his ninth goal of the season - after going 0-for-5 on first-half chances - in the 56th minute of the MLS match for the margin of victory in the 1-0 verdict over the Galaxy Sunday at Gillette Stadium.The outcome almost took a backseat to the appearance of Beckham, the international superstar with Manchester United and Real Madrid, the latest in the line of European mercenaries to cross the pond to arrive on the shores of America to boost the popularity of futbol."I can't wait until we get going, because you can see he's good," said LA midfielder and USA National Team member Landon Donovan of Beckham.
Chrysler CEO's silence about his pay does not help repair his reputation
Opportunity knocked, and Robert Nardelli missed it. If he really wanted to begin rehabilitating his tarnished reputation, he could have started his CEO job at Chrysler by publicly promising he would not accept a penny in pay. Instead, the former Home Depot home improvement chain CEO _ who left the home improvement retail chain in January with a controversial $210 million (�153.85 million) severance package _ stayed mum on what he would be making while trying to lead struggling Chrysler out of its funk. Chrysler officials fed the media tidbits about his $1 a year salary. But they refused to provide details about any performance-based bonus Nardelli could collect should he manage to help reverse the automaker's slide. Technically, Chrysler and Nardelli had no obligation to talk about his pay.
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