Prognosis for Chrysler
Well, you have to give Cerberus credit: it got the Chrysler deal done. That's more than you can say for a lot of private equity deals out there. Fortune weighs in that the deal brought: "Cerberus to a new level of fame and prominence in the U.S. economy. It also ties the fortunes of Chrysler and its ecosystem of suppliers and dealers to the increasingly troubled world of private equity." That will keep Cerberus in the spotlight, a discomforting place for the investment firm. Cerberus founder Stephen Feinberg, 47, will have to get used to it. He's not your ordinary Master of the Universe. He's the son of a steel salesman and lives modestly. Fairly or not, his reputation is staked to the future of Chrysler.
For more:
- here's a Fortune profile




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