7. Few among us would argue with the Land Rover brand.
After all, the Land Rover has scaled the Himalayas, traveled pole to pole, transported the Queen, the Pope, the Dalai Lama, Fidel Castro, Winston Churchill, and Idi Amin.When news first broke in 2008 that a company from Mumbai, India, was one of the few hopes to rescue a symbol of British prestige and luxury, the snobbish UK press went amok. Taunts such as 'junkyarders', 'curry josh jaguars', 'lamb rogan rovers', did not deter TATA.
And the ex-colony came to the rescue of the imperial power by acquiring Land Rover and Jaguar - Ouucch!
8. In Jan 2009, the man who outfoxed the market was voted European businessman of the year. His name was Wiedking, Porsche's CEO. Thanks to an astute mixture of long-term strategic foresight and short-term financial wizardry, he was sitting atop $20b mountain of capital and had ochestrated a David vs Goliath takeover of Volkswagen - Germany's largest automaker.
None did it hurt more than
Ferdinand Piech current chairman of Volkswagen. The CEO of Porsche made him look bad. How the hell could a small car company take over the largest car maker in Europe which he chairs? Ouch!
But only six months later, credit crisis was in full swing leaving Porsche unable to raise money to complete the takeover and in need of dire help.
Ferdinand Piech quickly launched a counter takeover of Porsche by Volkswagen.
After an all-night meeting of its board of directors, Porsche said Wendelin Wiedeking, Germany's best-paid executive and its CEO for the past 16 years, along with finance chief Holger Haerter, would quit the group immediately. Double Ouuchh!
Sasa wewe, usisome ukizubaa. Chunga Jicho!
