If you are considering a Remmington you should get it now because a year from now the quality of the product is likely to have degraded. Possibly significantly so. Why? Because Cerbus Capitol Management the private company that owns Remmington (along with other arms manufacturers) has just named Robert Nardelli as the new Chairman and CEO. Nardelli has made his reputation as a relentless cost cutter in his previous positions. When Cerbus bought the auto maker Chrysler in 2009 Nardelli was named Chairman and CEO. He was so successful in cutting costs that Crysler could no longer make a car that anyone would buy and Chrysler declared bankruptcy in 2011. He was replaced and the new CEO has led a resurgence and the automaker is enjoying renewed success. Although there are many other factors in Chrysler's near death experience it is commonly understood that Nardelli was a disaster.
Prior to Chrysler Nardelli was Chairman and CEO of Home Depot. What did he do there? He cut costs by
firing or retiring many of the product experienced veterans and replacing them with lower cost part time employees. (no benefits). The result was that Home Depot profits rose but they lost the market dominance they had owned for so long. Lows was the main beneficiary of Nardelli's tenure as they took market share leadership.
What will Nardelli do at Remmington? Don't wait to find out. If you want a Remmy get it now
Mum
workers. Home Depots profits improved but they lost market leadership to Lowes.
Prior to Chrysler Nardelli was Chairman and CEO of Home Depot. What did he do there? He cut costs by
firing or retiring many of the product experienced veterans and replacing them with lower cost part time employees. (no benefits). The result was that Home Depot profits rose but they lost the market dominance they had owned for so long. Lows was the main beneficiary of Nardelli's tenure as they took market share leadership.
What will Nardelli do at Remmington? Don't wait to find out. If you want a Remmy get it now
Mum
workers. Home Depots profits improved but they lost market leadership to Lowes.