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“Both companies will subscribe $2 billion of second lien debt for Chrysler's automotive business, to be drawn within 12 months. DaimlerChrysler's portion will be $1.5 billion.”(Flint, Jerry) “Chrysler has hired Mr. Nardelli as chief executive and chairman, reports suggest he will earn just $1 a year with generous performance-related bonuses adding to the his salary.”(Flint, Jerry) Cerberus has gone through several key changes both in leadership and direction since acquiring Chrysler. Defining the scope will further define the risks that Cerberus is going to encounter with the acquisition of Chrysler...
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Common topics in this essay:
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