RE: GM's Chrysler buyout loan denied?

["Dennis J." <djohn14296@xxxxxxxxx>]

Steve, don't beleive everything you read, long term, Kerkorian, was bad 
for Chrysler. All you have to do is reserach his past dealings with 
Company's. He would have been salivating, to get his ahnds on Chrysler. 
Dennis J.

Steve Chervinsky wrote:
> 
> Funny how all the Mopar mags agreed that Kerkorian would have been the
> best thing for Chrysler since Iaccoca. After reading Iaccoca's book
> his biggest regret in life was letting them sell to Daimler, he knew
> then this would be the demise of Chrysler. This was at the time that
> Kerkorian wanted to buy and the execs panicked and sold to the first
> bidder....Daimler. Right from Iaccoca's book.
> 
> On Mon, Nov 3, 2008 at 3:05 PM, Bill Watson <wwatson6@xxxxxxx> wrote:
> >
> >
> > Chrysler employees have never owned or controlled the company so 
> > Kerkorian
> > could not give it "back" to them.
> >
> > Always take what is said and promised during the acquisition of a firm 
> > with
> > a grain of salt.  Especially with Kerkorian. Just ask anyone who worked 
> > for
> > MGM back in the 1970's and 1980's.   That is one example of how 
> > Kerkorian
> > gutted a company to get as great a return on his investment as he could.
> >
> > Kerkorian lives off his investments and his one goal is to make as big a
> > return as he can on his investments.   A text book example of capitalism 
> > at
> > its finest.
> >
> > Kekorian back then would not have been good for Chrysler just as GM is 
> > not
> > today.  If Kerkorian gaines control, we would have seen chunks of 
> > Chrysler
> > sold off.   When it comes to finance and corporations, the parts are 
> > greater
> > than the whole.  And when you want to make money, selling the parts is 
> > the
> > most profitable.
> >
> > Bill
> > Vancouver, BC


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