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![]() Entries tagged "GMAC"Sticking with NardelliBob Nardelli ran Chrysler for Cerberus. Now he's overseeing operations of other Cerberus portfolio companies. Car chaseAn ambitious turnaround ploy at Chrysler turns to colossal travesty for Cerberus. The private equity shop has taken big hits on its investments in Chrysler and GMAC. Debt exchange lowdownThey are a powerful restructuring tool, but understanding market and legal dynamics is key. Movers & shakers: Feb. 11, 2009UBS, which reported a fourth-quarter loss of Sfr8.1 billion ($6.9 billion) and an annual loss of $17 billion, will cut almost 2,200 jobs from its... Critical, if improvingSome financing markets are open, others are closed. The future remains desperately uncertain, but at least the patient shows signs of life. Don't bank on itWhat private equity firms need to know before investing in financial institutions. Belly up to the barThe number of private equity portfolio companies that have crashed and sometimes burned keeps mounting. Movers & shakers: Jan. 14, 2009Michael Sage joined Dechert LLP as a partner in the business restructuring and reorganization practice group. Sage, resident in New York, was a partner at... GM in bankruptcyBailout or not, the odds are it will happen. Here's how it will unfold. Folly-la-la-laWe're rolling out the Barrel Awards for private equity's notable--if dubious--achievements this year. Transactions: Dec. 1, 2008As we move forward, replacing our old experts with new, how much of the old do we abandon and how much do we keep? Consider the case of the Federal Reserve. The hit listA look at the 10 biggest buyout deals of the golden age reveals a few are suffering, but more are doing just fine -- for now. Chain of foolsHow did the subprime problems lead to a financial meltdown? Follow the bouncing ball. Tell it to the judgeConsider this legal remedy for poor sales. Riders on the stormWhen Cerberus bought GMAC, it was flying high, but soaring gas prices, a stumbling economy and a troubled housing market are threatening the firm's image as a master of tricky bailouts. Movers & shakers: July 24, 2008GMAC installs former Bear exec Thomas Marano as ResCap CEO, Northern Rock taps Barclays vice chairman Gary Hoffman as its CEO, and more. Movers & shakers: July 21, 2008On Aug. 1, Eric Feldstein will become chief financial officer and a partner of New York hedge fund Eton Park Capital Management. He spent 25... Cerberus hits turbulenceEarly this month, ACE's Class B shares were trading about 30% below their 52-week high last November, and at roughly half their 2005 price.... | ||||||||||||||||
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