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Back to the Past (Part 4)
Bob Weinstein is a journalist who covers technology, project management, the workplace and career development.
As John DeLorean’s corporate cronies were now reading stories about their outrageous colleague in the tabloids and staring at photos of the transformed GM bigwig hobnobbing with celebrities like Candice Bergen, Tina Sinatra and Ursula Andress, DeLorean was walking a dangerous tightrope, and he knew it. (One of the worst blows to GM’s elite was that DeLorean drove a Maserati instead of a Corvette. In car circles, that’s equivalent to corporate treason.)
He must have sensed that his days at GM were numbered. Reportedly, DeLorean was given an ultimatum: Either voluntarily resign or be fired. According to many accounts, he supposedly quit GM by resigning on April 19, 1973. He was earning $650,000, which was an impressive salary at the time. What shocked Detroit’s auto industry elite was that he turned his back on an even more impressive future. If he hadn’t derailed his career, insiders said he could have been a GM president.
But no matter how much money and how many titles the company heaped upon him, DeLorean felt unappreciated--and he was quite vocal about it. He told a reporter that he didn’t feel like he was “in the game” anymore. “I was promoted from being division manager, which was like being quarterback, to a group executive, which is like being the owner of the stadium,” he said.
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"All progress is based upon a universal innate desire on the part of every organism to live beyond its income." - Samuel Butler |