How good are those private equity guys. They buy a company, (actually they got paid to take Chrysler off the hands of the previous owners) and in return inject some capital and agreed to take on some pension liabilities. Just improve sales a bit, squeeze the unions a lot, pay themselves a big fat dividend (so as to lower their capital paid into this deal) and 2 or 3 yrs down the road make it all back on a HUGE IPO.
So this is where the "YES MAN" known as former Treasury Sec. John Snow wound up. :eek:
