Skip to: Content
Skip to: Site Navigation
Skip to: Search
MONDAY, NOVEMBER 23, 2009
| Subscribe to Newser's RSS feeds RSS | Follow Newser on Twitter Twitter

NEWS ABOUT: Stephen Feinberg

Stephen Feinberg stories: 6 news summaries

Investors Ditch Once Lofty Cerberus Fund

Failed investments in Chrysler, GMAC have clients pulling $5.5B

Aug 29, 09 3:48 PM CDT
(Newser) - Hedge-fund investors are leaving once-vaunted investment firm Cerberus Capital Management in droves, the Wall Street Journal reports. The firm, whose acquisitions of Chrysler and GMAC turned disastrous, is seeing $5.5 billion in capital—or 71% of its hedge fund assets—walk out the door. "We have been... More »

MORE ABOUT:
Chrysler • Cerberus Capital Management • investors • recession • hedge fund • Stephen Feinberg • liquidity • GMAC • economic downturn

Soured Deals Dog Brash Cerberus

Chrysler, GMAC struggles point to problems for private equity giant

Feb 25, 08 1:15 PM CST
(Newser) - The continued struggles of Chrysler and GMAC—two of Cerberus Capital Management’s largest and most recognized purchases—have observers wondering if the private equity darling has lost its Midas touch, reports Reuters. S&P has downgraded GMAC’s credit rating, Chrysler's January sales slipped 12% even as the company... More »

MORE ABOUT:
private equity • Chrysler • Cerberus Capital Management • General Motors • Stephen Feinberg • GMAC • AerCap Holdings • Teleglobe International

Chrysler Faces Cash Crunch

Struggling automaker looks to sell assets to raise cash in a hurry

Dec 21, 07 10:09 AM CST
(Newser) - With an auto industry novice as CEO, a product line trailing the rest of the industry, and an inadequate cost-cutting strategy, Chrysler is scrambling to sell assets to climb out of a deep financial hole. Four months after Cerberus Capital Management took the automaker private, the Wall Street Journal finds... More »

MORE ABOUT:
Chrysler • Cerberus Capital Management • Stephen Feinberg • Robert Nardelli • auto industry

Where is Stephen Feinberg Taking Chrysler?

Onlookers worry
what Steven Feinberg
is up to with Chrysler

Aug 15, 07 1:38 PM CDT
(Newser) - Portfolio does its best to profile Stephen Feinberg—the ultra-secretive, ultra-cutthroat CEO of Cerberus Capital Management—without talking to him. Feinberg avoids the media like the plague, preferring to bring faltering companies into the black in secret, and his shadowy plans for new stepchild Chrysler are no exception. More »

MORE ABOUT:
media • Chrysler • Cerberus Capital Management • Stephen Feinberg • auto industry

In Nardelli, Chrysler Found Its Maverick

Cerberus relying on tough-talking new
CEO to cut costs

Aug 7, 07 4:30 AM CDT
(Newser) - Former Home Depot chief Bob Nardelli has a reputation for being a brusque, hard-edged maverick, and that’s exactly what his new bosses at Chrysler want, Reuters reports. Cerberus Capital Management hopes to stem losses at the automaker by cutting costs, particularly in the delicate area of unionized workers. Nardelli’... More »

MORE ABOUT:
Chrysler • United Auto Workers • Cerberus Capital Management • Toyota • General Motors • unions • General Electric • Ford • Stephen Feinberg • Home Depot • Robert Nardelli • Tom LaSorda • auto industry

"Vulture Fund" Behind Chrysler Deal

May 14, 07 10:49 PM CDT
(Newser) - Der Spiegel vivisects Cerberus, the private equity group that won Chrysler for a relative bargain today from German auto giant Daimler. Financier Stephen Feinberg's 15-year-old firm has $60 billion in assets, and specializes in companies on the brink of bankruptcy. The group avoids the spotlight, recruits former CEOs and politicians,... More »

MORE ABOUT:
private equity • Chrysler • DaimlerChrysler • Cerberus Capital Management • Daimler • Stephen Feinberg • auto industry

6 Stories


from our news partners

Associated PressAssociated Press