Entries tagged "Kerkorian"
In its "Overheard" column, The Wall Street Journal pokes fun at 90-year-old billionaire investor Kirk Kerkorian in Friday's edition, saying Tracinda Corp.'s would-be investment in San Antonio refiner Tesoro Corp., which resisted his advances last year, would have landed him a loss roughly double that of the $715 million bath he's taken on Ford Motor Co. The Journal reports he now sees "unique value" in gambling and energy stocks. ...
Two years after financier Kirk Kerkorian agitated for a sale of General Motors Corp.'s Hummer brand, the automotive giant will consider putting the gas-guzzling SUV line on the auction block....
Though Kirk Kerkorian and Ford Motor Co. CEO Alan Mulally appear to still be comfortably in the honeymoon period of their newfound relationship, hints are emerging about what direction billionaire Kerkorian might head should the partnership eventually hit the rocks....
Reading Kirk Kerkorian's comments backing Ford Motors Co. and its CEO Alan Mulally, it is hard not to think of the famous fable "the scorpion and the frog," which tells of the arthropod who goes back on its word and uses its stinger, explaining "I'm a scorpion; it's my nature." And those sorts of thoughts should be enough to give Mulally and Ford pause despite all of the automaker's takeover defenses and its considerable progress in recent quarters....
