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Former Volvocar CEO, Stefan Jacoby was fired while on his hospital bed without explanation.
Friday, 11 January 2013
The heat and political in - fighting within the top management region of Volvocars Corporation was exhibited recently when the former CEO, Stefan Jacoby (pictured below) was fired while lying sick in the hospital.
According to Swedish business daily, Dagens Industri, in a report published in today's edition of the paper, after an interview with the former CEO, Jacoby, he was "shocked" for being fired with no explanation. Stefan Jacoby had no warning that he would be fired from his job as CEO of Volvo Cars. "I was shocked. After all I had done for two years, I felt wasted., it was really, really tough," he said to the paper in an interview.
Stefan Jacoby has now chosen to talk about the difficult time after his stroke - and how it felt to be fired in the midst of a serious illness.
It started on Friday 14 September, 2012 in which the 50 most senior executives in the Volvo Cars corp., tribe had a meeting in Miami - described by the CEO as one of the best since he took over as CEO.
"I drove back to the office, among other things, to approve the cars that would appear on the Paris Motor Show a few weeks later. Then I went into town and ate dinner with my wife. "
They were at home in Hjuvik, nears Hisingen in Gothenburg and at 23 o'clock Stefan Jacoby checked e-mails before he went to bed.
"Then it felt as if my arm fell asleep. And at night, I started throwing up significantly. My first thought was that I might have eaten something inappropriate at the restaurant."
But according to the advice of the physician who was called in for check up, he was required to get to the hospital as fast as possible. His wife called an ambulance, that was early on Saturday morning and he arrived the hospital at around eight o'clock.
"I went directly to intensive care., I would like to get the opportunity to say that the treatment I received was absolutely stunning," Jacoby told the paper. Maybe the good treatment was because he was the CEO of Volvo Cars. But the former boss argued that "I do not think so. Firstly, I am not sure they recognized me, and secondly, I was cared for as everyone else. As a foreigner, as a German, I give the Swedish health care system a great compliment. Everyone - nurses and doctors - took the time to explain what happened, what they would do, which was the next step. And after ten days I was dismissed from the hospital."
It turns out that on the 14 of September 2012, they were in the middle of the carmaker's big problems with sales in China. A month later, he was out with a parachute and replaced by MAN's former CEO Hakan Samuelsson.
Further reports from Swedish media outlets added that Jacoby was sent flowers and personal messages calling for quick recovery, apparently from teh rank and file of the company. Meanwhile the top brace and the various tribes in that region were plotting how to use this opportunity to scrap him off. Then he received a resignation letter from Vice Chairman Hans-Olov Olsson.
"I received the letter without warning and without explanation. There was no direct conflict or dispute," said Jacoby to Dagens Industri.
He continued that he could not understand why he had to leave his CEO post. He admits that the boards can dismiss CEOs whenever they wish, but he pointed that Volvo Car Corporation's problems had more to do with the general economic situation than to his management and strategic approaches.
"I have not met [Hans-Olov Olsson] since I had my stroke. Maybe it was ... a personal decision. I really cannot see that the dismissal has to do with how I handled Volvo Car Corp.," said Jacoby to Swedish daily Svenska Dagbladet which also interviewed the former CEO.
He described the situation to Dagens Industri as "ludicrous" and that "in the middle of the match, I was kicked out," and points out that "to this day I have not received any explanation as to why it happened. One can only speculate about the reasons. From my perspective, it was preposterous."
"In a situation where someone has suffered a stroke ... there must be a more elegant way to handle it. I really loved my job, maybe too much., it was a shock, but on the other hand, that gave me a chance to do something new. "
He expects to be fully recovered in a few months time.
The full interview and reactions are published in the Swedish business daily Dagens Industri and Svenska Dagbladet.
by Scancomark.com Team
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Former Volvocar CEO, Stefan Jacoby was fired while on his hospital bed without explanation.
Friday, 11 January 2013The heat and political in - fighting within the top management region of Volvocars Corporation was exhibited recently when the former CEO, Stefan Jacoby (pictured below) was fired while lying sick in the hospital.
According to Swedish business daily, Dagens Industri, in a report published in today's edition of the paper, after an interview with the former CEO, Jacoby, he was "shocked" for being fired with no explanation. Stefan Jacoby had no warning that he would be fired from his job as CEO of Volvo Cars. "I was shocked. After all I had done for two years, I felt wasted., it was really, really tough," he said to the paper in an interview.
Stefan Jacoby has now chosen to talk about the difficult time after his stroke - and how it felt to be fired in the midst of a serious illness.
It started on Friday 14 September, 2012 in which the 50 most senior executives in the Volvo Cars corp., tribe had a meeting in Miami - described by the CEO as one of the best since he took over as CEO.
"I drove back to the office, among other things, to approve the cars that would appear on the Paris Motor Show a few weeks later. Then I went into town and ate dinner with my wife. "
They were at home in Hjuvik, nears Hisingen in Gothenburg and at 23 o'clock Stefan Jacoby checked e-mails before he went to bed.
"Then it felt as if my arm fell asleep. And at night, I started throwing up significantly. My first thought was that I might have eaten something inappropriate at the restaurant."
But according to the advice of the physician who was called in for check up, he was required to get to the hospital as fast as possible. His wife called an ambulance, that was early on Saturday morning and he arrived the hospital at around eight o'clock.
"I went directly to intensive care., I would like to get the opportunity to say that the treatment I received was absolutely stunning," Jacoby told the paper. Maybe the good treatment was because he was the CEO of Volvo Cars. But the former boss argued that "I do not think so. Firstly, I am not sure they recognized me, and secondly, I was cared for as everyone else. As a foreigner, as a German, I give the Swedish health care system a great compliment. Everyone - nurses and doctors - took the time to explain what happened, what they would do, which was the next step. And after ten days I was dismissed from the hospital."
It turns out that on the 14 of September 2012, they were in the middle of the carmaker's big problems with sales in China. A month later, he was out with a parachute and replaced by MAN's former CEO Hakan Samuelsson.
Further reports from Swedish media outlets added that Jacoby was sent flowers and personal messages calling for quick recovery, apparently from teh rank and file of the company. Meanwhile the top brace and the various tribes in that region were plotting how to use this opportunity to scrap him off. Then he received a resignation letter from Vice Chairman Hans-Olov Olsson.
"I received the letter without warning and without explanation. There was no direct conflict or dispute," said Jacoby to Dagens Industri.
He continued that he could not understand why he had to leave his CEO post. He admits that the boards can dismiss CEOs whenever they wish, but he pointed that Volvo Car Corporation's problems had more to do with the general economic situation than to his management and strategic approaches.
"I have not met [Hans-Olov Olsson] since I had my stroke. Maybe it was ... a personal decision. I really cannot see that the dismissal has to do with how I handled Volvo Car Corp.," said Jacoby to Swedish daily Svenska Dagbladet which also interviewed the former CEO.
He described the situation to Dagens Industri as "ludicrous" and that "in the middle of the match, I was kicked out," and points out that "to this day I have not received any explanation as to why it happened. One can only speculate about the reasons. From my perspective, it was preposterous."
"In a situation where someone has suffered a stroke ... there must be a more elegant way to handle it. I really loved my job, maybe too much., it was a shock, but on the other hand, that gave me a chance to do something new. "
He expects to be fully recovered in a few months time.
The full interview and reactions are published in the Swedish business daily Dagens Industri and Svenska Dagbladet.
by Scancomark.com Team
Scancomark.com
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