The much anticipated Cerberus/Chrysler deal has gone through. What was Cerberus’ first action as the new owner? They’ve hired former Home Depot chief Bob Nardelli as the CEO. Heh. Nardelli built himself such a large compensation scheme at Home Depot that shareholders forced him to resign. Quit he did… but not before writing himself a $210 million severance check.
These are the details that make “late degenerate capitalism,” as the good doctor Richebacher would call it, fascinating. It’s not about building things anymore, but rather how much you can pillage from the investment markets.
These are the details that make “late degenerate capitalism,” as the good doctor Richebacher would call it, fascinating. It’s not about building things anymore, but rather how much you can pillage from the investment markets.
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