Wednesday, November 26, 2008

Cerberus Cries Boo Hoo

Cerberus accuses Daimler of misrepresentations before deal to buy Chrysler closed last year
DETROIT (AP) -- Relations between Chrysler's current and former owners turned ugly Wednesday when private equity firm Cerberus Capital Management LP accused Daimler AG of "intentionally and materially" misleading Cerberus before the German automaker sold Chrysler last year.

Pretty goddamn funny for a bunch of guys who think they're the smartest ones in the room to now claim that they were hoodwinked.

More likely: they learned that not only aren't they as smart as they thought, but also that Six Sigma can't fix everything.

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1 comment:

Unknown said...

There's an AIM TRIMARK commercial in here somewhere.