Fast Track Management
In 1997 the company devised a "Fast Track" Management training program and recruited college and business school graduates for immediate placement in upper middle management positions, requiring relocation to another state upon completion of the program. Scheibs' corporate office and shareholders were dismayed to find that 85% of those participating in the program resigned upon relocation. After Scheib's death, the company was sold to former college basketball champion Chris Bement and Dan Siegal, who made his fortune in Las Vegas winnings, and other investors. Improvements were made in the quality of paint and a corporate restructuring.
Read more about this topic: Earl Scheib
Famous quotes containing the words fast, track and/or management:
“O take fast hold; let that light be thy guide
In this small course which birth draws out to death,”
—Sir Philip Sidney (1554–1586)
“Away went the messenger’s bicycle,
His serpent’s track went up the hill forever.
And all the time she stood there hot as fever
And cold as any icicle.”
—John Crowe Ransom (1888–1974)
“The management of fertility is one of the most important functions of adulthood.”
—Germaine Greer (b. 1939)