I question if the Navistar management is any better even today.
dumb dumb moving from the old Harvester works in Fort Wayne to CHicago. that move is costing the stock holders every day because of the higher experiences associated with Chicago versus Ft Wayne.
Navistar guys make big $. when then 1st announced they were closing Ft Wayne and move to Chicago alot of engineers started looking. We were hiring and interviewed a couple. they were easily making 2X what we were paying (which was a little low but not 2X).
i've also heard the Chicago office has a revolving door for employees.
on a similar topic of poor corporate management. look at DuPont. pretty much nothing left due to managers. GM will very likely fail again. nothings changed from the bailout. Oliver/White is a similar story in White truck management not taking care of the ag side, and in the long run the truck side either. many others too.
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