Saturday, May 27, 2006

A Bummer for the Business World

I come back from Europe to find that a tragedy struck one of the corporate giants there: Head of Michelin Drowns off French Coast

Edouard Michelin, 43-year-old head of the giant tire company that bears his name, drowned in a boating accident off the coast of Brittany in northwest France, police said.

His body was recovered floating among lobster traps Friday, hours after he had left on a fishing expedition in good sea conditions with a friend.
Apparently he was one of the few European CEO's who advocated American style capitalism in Europe, even earning the nickname "l'Americain" according to the Wall Street Journal.

I was at TI when it lost its CEO, Jerry Junkins, to a heart attack, and I know this is going to mean a lot of upheaval within the corporation.

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