Re: RE: Daimler loses bid to bar Schrempp tape in merger suit

From: jon@dakota-truck.net
Date: Fri Feb 28 2003 - 15:44:53 EST


Richard A Pyburn <rap777@juno.com> wrote:

: Yeah, it just might prove his point. I don't think it would bankrupt DC,
: though. and besides, since when have stockholders NOT been lied to? They
: are fools to believe the people getting the big bonuses.

   Yeah, I think Tracinda is only suing for several billion - basically
the losses suffered from a financial standpoint plus some punitive damages.
Originally, I read that they were also attempting to put the company back
to the way it was before (reverse the "merger"). Hopefully that is still
the case; IMHO paying Kerkorian a few billion doesn't do much of anything
except for Kerkorian, but to bring Chrysler back benefits everybody. Who
knows, maybe if the lawsuit kicks the Benz out of Chrysler and Lutz gets
fed up with the GM types, we could start to get back on track! :-)

-- 

-Jon-

.---- Jon Steiger ------ jon@dakota-truck.net or jon@jonsteiger.com ------. | I'm the: AOPA, DoD, EAA, NMA, NRA, SPA, USUA. Rec & UL Pilot - SEL | | 70 Cuda, 90 Dak 'vert, 92 Ram 4x4, 96 Dak, 96 Intruder 1400, 96 FireFly | `------------------------------------------ http://www.jonsteiger.com ----'



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