> RoMunn wrote: > As to the bailout idea, even if the money is a loan, I don't see how they > are going to pay it back under current conditions. I would rather see them > go through BK and come back as leaner, more competitive companies. >
Cerberus grabbed Chrysler, but the rest of the PEGs won't touch auto and I'd love to know why. TPG and Bain have tons of Airline experience: Continental, USAir, AmericaWest, et al (and former offers out to United, Delta) and to lots of success. So why don't they like auto? It can't just be unions. And typically PEGs don't gut management - they'll just bring in a CEO like Storch at Toy'r'Us or the Bain dude at Burger King. Anyway, point is, seems like it'd be a great idea to take them into bankruptcy and then take them private. Everyone knows Bethune and credit him with pulling out Continental but nobody credits the PEG management who essentially fixed everything in place and then quietly sneaked out and left him in place. I guess that's the way they want it ;-) ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~| Adobe® ColdFusion® 8 software 8 is the most important and dramatic release to date Get the Free Trial http://ad.doubleclick.net/clk;207172674;29440083;f Archive: http://www.houseoffusion.com/groups/cf-community/message.cfm/messageid:279392 Subscription: http://www.houseoffusion.com/groups/cf-community/subscribe.cfm Unsubscribe: http://www.houseoffusion.com/cf_lists/unsubscribe.cfm?user=89.70.5
