Talk about putting the fox in charge of the hen house.


http://business.guardian.co.uk/story/0,,2142577,00.html

 

I watched a show about the Home Depot on the Biography channel the other day, this guy I think was a top executive for like 6 years, then he all of sudden quite when things got ruff.

Do you think he's going to fly the plane into the ground?

 

I don't think he will get it off the ground. Maybe we should sell our Chrysler stock.
VeryDisappointedBob

 

Im sure someone knows more about this then me, but why exactly did Chrysler sell out? Low sells or what?

I didn't know they were that bad off, You would of thought that Ford would of sold out first considering all the money they lost in the past 2 years.

 

From what I read they have been spending more than they are getting back and will spend this year in losses.

 

Why did Chrysler sell out when ? In the sale to Daimler ? Daimler bought and owned Chrysler . They sold Chrysler to Cerebus because Daimler/Chrysler stock is 80% owned by Germans and stockholders pushed to dump Chrysler because its losses were draining the company . Cerebus is a private investment company . They bought Chrysler group because they wanted Chrysler financial . They have no interest in manufacturing or selling vehicles so Chrysler will be restructured and sold . http://www.ft.com/cms/s/0c0fce86-02e...b5df10621.html