Monday, April 03, 2006

The other Hank Scorpio

"This elite corps of managers examines potential deals, performs due diligence on loans that Cerberus makes, and sits on Cerberus company boards. Feinberg also expects his CEOs to bring him ideas for deals. Their incentive: a chance to run a company and get a chunk of equity. 'With their operating experience, they help us identify both opportunities and problems we might not see,' says Cerberus Chief Operating Officer Mark A. Neporent."

Sounds to me like they want to ... take over the world.

Forget about buying expensive cars, just buy your own car maker.

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