The Most Dangerous Deal in America
If you like Wall Street reading, Daniel Roth's well written article in the Sept. 2007 issue of Conde Nast, Portfolio.com, provides a look inside the secretive world of Cerberus Capital—and why its plan to save Chrysler spooks Wall Street. Read about Cerberus Capital and their CEO, Stephen Feinberg. Here's an excerpt:
Stephen Feinberg currently sits on top of a collection of companies that employs roughly 250,000 people and generates annual revenue of more than $120 billion. If you added them all up, they would form the ninth-largest business in the U.S., with sales greater than those of Pfizer, Microsoft, and United Airlines combined. Feinberg runs multiple private equity and hedge funds under the Cerberus umbrella, and these have produced outsize returns, consistently beating the performance of rival funds.
