Sergio Marchionne's Seemingly Sudden Death Wasn't EXACTLY The Case, After All — FCA May Have Some Explaining To Do...

There’s a lot we still don’t know about Sergio Marchionne’s health problems before his unexpected death this week. The Fiat Chrysler CEO’s apparent wish to keep them private, even from the board, will seem problematic to shareholders, analysts and directors who prize transparency.

But barring any unexpected revelations, this doesn’t look like a corporate-governance breakdown — more a possible reminder that superstar CEOs often feel they can solve their own problems.

Speculation is rife about who knew what, and when. The rapid worsening of Marchionne’s condition after what was meant to be routine surgery, and the revelation by a Zurich hospital that he’d been seriously ill for more than a year, seem to clash with professed ignorance at the corporate level. Fiat Chrysler Automobiles NV has said it wasn’t aware of his condition, something that Marchionne’s family has confirmed, according to Bloomberg News.

MDarringer - 7/28/2018 11:17:27 AM

-2 Boost

Irresponsible leadership compounded.

ricks0me - 7/28/2018 5:46:49 PM

0 Boost

Maybe Sergio kept the illness under the radar to keep the stock price up. I do not know but just speculating. If someone can prove me wrong ... bring it on.

qwertyfla1 - 7/28/2018 9:08:58 PM

+1 Boost

If I had Sergios money and knew I was terminally ill the last thing I would do is continue working. I'd be knocking shit off my bucket list enjoying my last days on earth and dying with a smile on my face and creating more fond memories for my family.

Agent00R - 7/28/2018 11:44:44 PM

+1 Boost

Agreed!

Foncool - 7/29/2018 8:02:22 AM

0 Boost

There is a very interesting interview in Quattroroute Montezemolo on marchionne.

MDarringer - 7/29/2018 9:35:12 AM

0 Boost

link?

Foncool - 7/29/2018 9:19:18 PM

0 Boost

https://www.quattroruote.it Hope you can read Italian

MDarringer - 7/29/2018 10:27:01 PM

0 Boost

Strangely enough, I kinda can.

PS You can also cheat and click on the translate button.

mini22 - 7/30/2018 12:52:44 PM

+2 Boost

I believe FCA has been holding out to not upset their shareholders. Clearly he had been sick for some time. Guys like Sergio do not know how to retire or what they would do. Many are comfortable working until the day they stop breathing.

MDarringer - 7/30/2018 1:28:06 PM

0 Boost

If that's true and it gets out, the stock will plummet because the perception will be that FCA has an incompetent business strategy. Let's say this is true, then perhaps the "we were blindsided" is their attempt at damage control, but make no mistake, the house of cards that many saw FCA to be when Sergio was assumed to be strong and in command is now a full-on reality.