In a message dated 9/24/98 10:43:38 AM Eastern Daylight Time,
Merullo@ix.netcom.com writes:
<< The worrisome
aspect of the DaimlerChrysler case from that point of view is that, since
the majority of shares belong to the German side, basically, the majority of
the profits flow back to the control of the German entities involved.
It may be that the USA shareholders involved are eager to fritter the
profits away, let's say, by lending it all to the "Re-elect Boris Yeltsin
2000" campaign, while the German shareholders are wise and benevolent in the
extreme, and intend to invest in carefully-examined projects all over the
globe.
>>
Actually, the majority of shareholders are American if you classify them as
international groups. But two major investors that individually own the most
stock are the Government of Kuwait, and the Government of Germany. Between
the two they own 45%. Kirk Kirkorian, the guy that attempted the hostile take
over in 96 with Iaccoca, owned 15% of Chrysler stock before the merger and had
to sell 4% to avoid high German taxes so at the time of the merger owned 11%
which inturn will equal about 7% Daimler-Chrysler AG. Which will be known as
DCX on the Stock Exchange.
Oh, and by the way, the reason Daimler Benz shares dropped from 109 to about
95 before the market crash is because Daimler Benz is heavily involved in
Russia. They have money tied up in their space program, and massive transit.
So, Im not to sure about watching the Americans donating to the Yeltsin 2000
campaign! Atleast not the American share holders, now NASA is another story.
They are donating 600 million to the Russian economy because they dont want
Russia to stop the space program MIR!!
Eric
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