
There are plenty of reports today that morale at Chrysler is in a tailspin right now due to all of the rumors swirling about the potential sale of the company. Having been through several buyouts and mergers (both attempted and successful) in the past 15 years, I know that one of the worst things that can happen to productivity is rumors about the company's fate. Whenever this happens, people spend their days polishing resumes, calling headhunters and speculating about what's going to happen.
This morning Chrysler CEO Tom LaSorda sent out a mass e-mail to all employees trying to minimize this impact. He starts off by explaining that management cannot comment on anything that might happen, for legal reasons. He then goes on to tout the support given by the management board to the latest restructuring plan, all the new products in the pipeline and how this crisis is different from all the previous Chrysler meltdowns. It's understandable that LaSorda felt he needed to send this message, but the reality is that it will make no difference whatsoever. Anything short of a definite announcement that either a deal is done, or an unequivocal statement that Chrysler is not on the market, will likely only make things worse. The entire e-mail message can be read after the jump.
[Source: Chrysler]












