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.

best

dk

2 comments:

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.