Sunday, August 05, 2007

Fake Steve R.I.P.

The news about Daniel Lyon is a tragedy that I can understand.

But Bob Nardelli?

If the Blackstone IPO wasn't enough to convince the market that private equity had reached a top, Cerberus deciding that Bob Nardelli is the best executive in America to revitalize Chrysler should remove all doubt.

At least Cereberus kicks things off with an eye towards efficiency:

the announcement serves double duty as both press release and punchline.




muckdog said...

Heck, remember Mark Haines and Erin Burnett just giving us Blackstone updates every few seconds on IPO day? Ridiculous!!!

dk said...

That IPO was quite a day...and the high for the stock to date -lol.