re Cerberus: Inside the Wall Street power-house

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who - 20 Aug 2007 07:19 GMT

> 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/companies/cerberus.fortune/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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Bill Putney - 20 Aug 2007 11:22 GMT

> 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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