A General Motors Believe it or Not Story: Dan Quayle - Enter Stage Right
The Wall Street Journal reported today that negotiations are under way to sell 51% of GMAC to Cerberus Capital Management. As of the last published info, former Vice-President Dan Quayle was serving as CEO of Cerberus. As far as I could tell in the 5 minutes I had to look into this while eating my lunch, Dan Quayle is not the real control person, the real control person is a financier named Steve Feinberg.
So, though George W. Bush doesn't think it's save GM's hide, apparently his dad's former VP at least thinks the bones are worth picking over.
WSJ.com - GM Moves Closer to Selling 51% Stake in GMAC
Thursday, March 30, 2006
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