Bollettino
There�s a story in today�s NYT about the trial that is replaying the Daimler Benz takeover of Chrysler . LI wrote a review of a book about that deal, so we take some interest and have some views. That the then CEO of Chrysler, a non-descript little egoist named Robert Eaton who basically resented the very smart crew of car designers and marketers that made Chrysler hot in the early nineties is going to have to testify about the inner workings of the thing will satisfy business watchers the way, say, forcing Iago to testify would have satisfied spectators in Venice. Kirk Kerkorian is the animating force behind the suit. Interestingly, Kerkorian wanted, in the early nineties, to take Chrysler private. He thought that the company had accumulated too much cash on hand � about eight billion dollars � and could pay out more to investors. Kerkorian is not our kind of guy � another sleazy billionaire buyout artist � but there was something to his offer. Unfortunately, he saddle
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