Small Business Blog

Articles related to: chrysler

Charles M Cooper

The Other Side of the Chrysler Hedge Fund Fight

The President’s sharp words against those investment companies—he called them ‘speculators’—who refused his deal regarding the Chrysler bankruptcy, have been aired far and wide. Now, you should get the other side of the argument and decide for yourself who is right. In an open letter to the nation, Clifford S. Asness, the Managing and Founding Principal at AQR Capital Management, LLC, answers the President.

Tags: chrysler, bankruptcy, hedge funds, investment, obama, clifford s. asness, aqr capital management

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Posted: 5/7/2009 | Comments (0)

Charles M Cooper

US vs. Them in the Chrysler Bankruptcy

Chrysler is entering bankruptcy, which—along with its wayward big brother GM—it should have done a long time and billions of wasted dollars ago. That is the good news. The bad news, and a troubling glimpse into how the President sees capitalists, is that he has decided that those investors who didn’t like the deal he and his car czar were offering are nothing more than speculators.

Tags: chrysler, obama, investors, speculators, venture capital, bankruptcy

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Posted: 4/30/2009 | Comments (0)

Charles M Cooper

GM Human Resources: Obama Style

There is an old adage: Beware what you wish for, you might get it. Well, the hope-wreathed wishes for change are coming to fruition as the President takes one unprecedented step after another. Over the weekend, he ordered the departure of General Motors' Chairman and CEO, Rick Wagoner, ostensibly as part of the effort to save the century-old automaker. There needed to be a shake-up at the top of GM, no question, but the real issue is the fact that the President did this at all.

Tags: small business, gm, rick wagoner, barack obama, bailout, congress, senate, chrysler, fritz henderson, government intrusion

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Posted: 3/30/2009 | Comments (0)

Charles M Cooper

Automaker Bailout Part 2: It is Raining Money!

At the risk of telling you “I told you so,” well, I told you so! The original Big Three Dog and Pony Show before Congress netted the Detroit automakers billions of taxpayer dollars, changed the company jet from an executive perk to a major PR liability and later on led to the same effect on the humble thank you note. Other than that, not much seems to have changed. After all, if things were different, two of the Big Three wouldn’t be back for another helping of bailout pie.

Tags: automakers, ford, gm, chrysler, bailout

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Posted: 2/18/2009 | Comments (0)

Charles M Cooper

Sometimes a Nice Thank-you is The Wrong Way To Go

Mom always said that if you get something nice, you should always say “Thank you.” That is good advice in general and we at the Bottom Line heartily endorse it. However, Chrysler has just learned that this axiom does not apply to the receipt of tax payer bailout money. Who knew?

Tags: chrysler, bailout, thank you ad, backlash

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Posted: 1/23/2009 | Comments (0)

Charles M Cooper

Automaker Leadership Vows Cuts: Are They The Right Cuts?

Management is making cuts and concessions to wring another $25 billion from Congress, but is the key to success selling off their jets and canceling bonuses, or gaining the cooperation of the UAW to save their companies once and for all?

Tags: small business, uaw, ford, chrysler, gm, mulally, wagoner, nardelli, loans, bailout, union

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Posted: 12/2/2008 | Comments (0)

Charles M Cooper

Finally! Something Good from Sarbanes-Oxley

It is one thing to destroy your own company, but quite another to destroy your company, cripple your industry and then fly in your company private jet to wheedle taxpayer money out of Congress so you can keep on with your wasteful ways. Pity, but there will likely be a bailout, but the least Congress can do is throw the Sarbanes-Oxley book at them.

Tags: small business, gm, ford, chrysler, automakers, bailout, congress

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Posted: 11/19/2008 | Comments (0)

Charles M Cooper

Bankruptcy vs. Bailout: Which is Really Better for the Taxpayer

With the Big Three Automakers threatening bankruptcy if they don't get a government bailout, the question is whether it would be better: to let them go under and fall into the hands of a bankruptcy judge or bail them out and let them fall into the hands of Congress?

Tags: small business, gm, ford, chrysler, paulson, bailout, bankruptcy, economy

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Posted: 11/13/2008 | Comments (13)