Forget about replacing Jack Welch at General Electric Co. If you want to talk about a high-pressure chief executive officer's job, consider Joseph Galli Jr.'s new position at Newell Rubbermaid Inc.
He replaces John J. McDonough, who quit last fall under pressure from the board of directors. Go back a bit farther and you'll find that, before the 1998 acquisition by Newell Inc., Rubbermaid Inc.'s last couple of CEOs also were on the hot seat. Does anyone remember how Rubbermaid once was a perennial leader in Fortune magazine's ranking of most-admired corporations? That's starting to feel like ancient history.
Galli's recent job record leaves him an easy target for critics. Three jobs in three years doesn't sound promising.
Still, all U.S. housewares molders are facing tough times. Perhaps Galli's unconventional dot-com background and marketing wizardry will help save this old battleship from a long cruise to oblivion.