The Turnaround Kid: What I Learned Rescuing America's Most Troubled Companies

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9780061251276: The Turnaround Kid: What I Learned Rescuing America's Most Troubled Companies
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For the past thirty years, Steve Miller has done the messy, unpleasant work of salvaging America's lost companies with such success that the Wall Street Journal has dubbed him "U.S. Industry's Mr. Fix It." From his very first crisis assignment as point man for Lee Iaccoca's rescue team at Chrysler, Miller built an international reputation while fixing major problems in such varied industries as steel, construction, and health care. Most recently, as chairman and CEO of the bankrupt automotive parts manufacturer Delphi Corporation, he has confronted head-on the major issues threatening the survival of Detroit's Big Three.

A battle is being fought in the heart of industrial America—or what is left of it—Miller observes. In the auto industry as well as every manufacturing corporation, management and labor are at loggerheads over wages and the skyrocketing costs of employee benefits. The way out of this battle is often painful and Miller is deeply aware of the high price individual workers and many communities have had to pay as a result.

In this frank and unsparing memoir, Miller reveals a rarely seen side of American management. Miller recounts the inside story of the many turnaround jobs that have led to his renown as Mr. Fix It. But he also paints an intimate picture of his relationship with Maggie Miller, his wife of forty years, with whom Miller shares the credit for his success. Described by Miller as "my mentor and tormentor," Maggie served as his most trusted adviser and kept him focused on what truly matters until her death from brain cancer in 2006.

A deeply moving personal story and timely snapshot of the state of American manufacturing and what it will take to restore it to profitability, The Turnaround Kid is Steve Miller's fascinating look at his education as an American executive.

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About the Author:

Robert S. Miller, better known as Steve, served as chairman and CEO of Delphi Corporation. In addition, he serves on the boards of Symantec and United Airlines. He resides near Detroit, Michigan, with his wife, Jill.

From AudioFile:

Former CEO and Chairman of Delphi Corporation Steve Miller recounts his career as Mr. Fix-It for struggling corporations. Narrator Dick Hill is an experienced narrator who knows his way around a story and offers a firm, believable reading that will engage listeners. As Miller provides a genuine-sounding account of his life, Hill captures his voice, both in personal and professional settings. The death of Miller's wife, Maggie, is a profound occurrence that affects the story from start to finish, and Hill captures the despair and heartache that permeates Miller's existence following her death. The material offers a good balance between the two worlds of Steve Miller--his professional life and his most intimate moments. L.B. © AudioFile 2008, Portland, Maine-- Copyright © AudioFile, Portland, Maine

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