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re Cerberus: Inside the Wall Street power-house
> Cerberus: Inside the Wall Street power-house
> With the closing of the Chrysler deal, the (very) private equity shop is > poised to succeed or fail very publicly, say Fortune's Katie Benner and Geoff > Colvin. > FORTUNE Magazine > By Katie Benner and Geoff Colvin > August 5 2007: 11:40 PM EDT > > (Fortune Magazine) -- They're already taking the "Daimler" off the > DaimlerChrysler signs at headquarters in Auburn Hills, Mich. It's happening > at the big Fenton, Mo., plants where the company makes pickup trucks and > minivans, and at other plants across North America. The new corporate > stationery is ready. Chrysler dealers nationwide are sending out invitations, > filling balloons with helium, and ordering chicken wings for the parties > they're going to throw. The occasion: Chrysler is becoming American again, > being bought from its German parent by Cerberus Capital Management, a buyout > firm that it's safe to say most of Chrysler's employees, dealers, and > customers had never heard of until the agreement was announced a few months > ago. http://money.cnn.com/2007/08/03/news...tune/index.htm ?postversion=2007080523 THX to the poster of this URL. Interesting article. I hope they quickly remove the German Air Force wing from Chrysler's cars. If it takes a Feinberg approach to work to save Chrysler I'll pass, but he does seem like a good one to take a run at it. Drives a Dodge too! > With all that debt expertise, it's no surprise that finance and > consumer-lending companies form the bulk of Cerberus's portfolio. This will be a good help to his effort. Using GMAC to save Chrysler; very smart move. |
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re Cerberus: Inside the Wall Street power-house
who wrote:
> THX to the poster of this URL. Interesting article. > I hope they quickly remove the German Air Force wing from Chrysler's > cars. Why is that? I kind of like it (a lot). Bill Putney (To reply by e-mail, replace the last letter of the alphabet in my address with the letter 'x') |
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