Marchionne stepping down early?

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Very sad news indeed.

 

https://www.bbc.com/sport/formula1/44913008

Marchionne had been the chief executive officer of both Fiat and Ferrari.

John Elkann, the scion of the Agnelli family that controls Fiat, is named chairman of Ferrari, while Louis Carey Camilleri has become chief executive.

Camilleri is a Ferrari board member and the former boss of tobacco company Philip Morris, the main sponsor of the Ferrari Formula 1 team.

Briton Mike Manley, former head of the Jeep division of Fiat, has been named as chief executive of the Fiat Chrysler group.

A Ferrari statement said the company had learned of Marchionne's condition "with deep sadness" and thanked him for "the extraordinary contribution he has made in recent years at the helm of Ferrari".

 

Supposedly the lung cancer rumors in Italy are true...

 

Would like to apologize to Sergio for any negative comments about ' sweater man' etc etc over the years. Hope he can make a recovery.

 

Don’t!

 

Ferrari CEO leaves to lung cancer, two former cigarette marketing men to carry the company forward?

 

This is sad. I didn't care for some aspects of his management style, but I wouldn't wish this on an enemy.

 

Its a legal producct that people choose to buy or not buy.


You know -- like exotic cars.

 

"The Board's thoughts are with Sergio Marchionne and his family." That was a very telling statement on his health. Read between the lines, with him "stepping down", and the situation is dire. Best wishes to SM and his family.

 

Agreed. He obviously LOVED being the big bossman and exercising control over others.

Edit: After reading the last few posts, the real answer is sad. Best wishes for him and his family.

 

Except that one gives you a chemical addiction that restricts your choice in the matter.

 

Depends on the individual. My dad quit cold turkey from one day to the next smoking Kent 100's for 20+ years. He went through withdrawals but overcame it in a yr. He's over 75yo now and still takes viagra.

Great grandmother rolled her own cigarettes...she died at 94 of natural causes.

I never have smoked and don't need viagra.

 

Still an individual’s choice. I don’t smoke but I fully support an individual’s right to choose how to treat his or her own body. Governments would love to restrict our access to a great many things that they deem to be harmful to us, addictive or not.


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Good for them. They beat the stats but most don't.

 

https://www.blick.ch/news/wirtschaft/automobilindustrie-marchionne-muss-chefposten-bei-fiat-chrysler-und-ferrari-aufgeben-id8642002.html

 

Exactly

 

Just like exotic cars!

 

That’s actually not true,... most do “beat the odds”.

 

The irony of it all ...

 

Facepalm.

Are we going to relitigate the tobacco lawsuits?

Millions quit smoking every year. Nobody forced him to start.

 

As a semi-retired MD and cancer surgeon, I am certainly no proponent of smoking. In fact, I lost my mother to lung cancer at age 57. It’s definitely a habit best avoided.

But, you are suggesting that “most” (a majority) die as a result of their habit. That’s a common misperception but not grounded in reality.

From the CDC and SEER:

- Among heavy smokers, 24.4% of men and 18.5% of women eventually develop lung cancer.
- Among current smokers, 15.9% of men and 9.5% of women develop lung cancer.
- Among “never” smokers, only 0.2% of men and 0.4% of women develop lung cancer.

So, avoiding smoking is definitely a good way to reduce your risk of lung cancer. However, nowhere close to most smokers get lung cancer. Of course, there are other negative effects of smoking, such as COPD (80% smokers), increased risk of coronary artery disease and stroke (2-4 times greater risk in smokers), circulatory disease, and a bunch of other cancers (e.g. 80% of bladder cancers occur in smokers).

Speed and racing can also easily kill, and fast Ferraris seem equally foolhardy to many laypeople who would have us all driving Priuses. I had a close friend die just a few weeks ago while racing a 1972 Lola at CTMP (Mosport) outside Toronto. Almost immediately, some folks questioned whether his age (61 yo) or the high speeds of both the car & track should be more tightly controlled. He was super fit and had been racing for many years. He had every right to pursue this endeavor, and died doing what he loved. I am very grateful that old-school and admittedly more dangerous tracks like Mosport, Watkins, Monza, and Spa still exist.

That’s my problem with alarmist statements and exaggerated statistics about smoking or just about any other risky behavior, e.g. riding motorcycles which I’ve done for 38 years. Or having guns in the home. These statements generally open the door to outright governmental bans, which are neither fair nor effective, as prohibition and also 40 years of the failed “War on Drugs” have demonstrated.

I understand that you live in the UK where attitudes may differ. In the US, many of us still cling to the “radical” ideas about freedoms and liberties which led us to embark on a pretty amazing experiment over 200 years ago.

Sorry to go OT but I respect Mr. Marchionne’s right to have pursued the life which made the most sense to him. It strikes me as a full life well-lived. That’s the best that any of us can hope for.

We all make different types of stupid decisions throughout our lives. That’s the beauty of it. Enough with the misguided and self-righteous social engineering.

I will keep Mr. Marchionne and his family in my thoughts and prayers.


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So it's lung cancer and not related to his shoulder surgery? At first it sounded like something sudden and irreversible happened during surgery (like a stroke or heart attack), but I guess it's more of a chronic thing. Still terrible news.

I was basing it off this quote from an article: "unexpected complications arose while Mr. Marchionne was recovering from surgery and that these have worsened significantly in recent hours."

https://money.cnn.com/2018/07/21/news/companies/sergio-marchionne-fiat-chrysler-stepping-down/index.html

 

Bundy's post (#46) is one of the best I've seen
In the Internet age the idea of using actual facts & experiences is unheard of

And BTW, Philip Morris--in addition to making cigarettes--is one of the best run companies in the world. Period
If Lou Camilleri were to be named CEO of my favorite team/company etc. I would be ecstatic
Do not underestimate the strength of PM leadership

 

I never took your quote that way. As with all surgeries, this "complication" most likely was from a blood culture, biopsy, MRI or something along those lines that led the surgeons to dig deeper and find these complications.

 

Concisely (and beautifully) stated. Thank You!