Non-profit corporations
In recent times recall that Mercerdes-Benz brought Chrysler in from the cold in a purchase several years ago. When the cold infected the rest of the organization with the flu, Mercedes-Benz dropped it off in one of those Private Equity deals, to be purchased by Cerberus.
Now, with Cerberus-Chrysler under the gun to strip down models and dealers to try to get on top of its business model as a for-profit company, the speculation is developing that they aren't going to make it.
Apart from his drop-top PT, Guambat has no interest or concern what Chrysler does. But the news does bring back the remembrance of a prior episode in Guambat's life. It would have been back around 1977 perhaps. Guambat was in a large lecture hall in his corporations class in law school.
The professor walked in and said, "today we're going to talk about non-profit corporations. No, I'm not talking about Chrysler."
It got a big laugh.
Some Weekend reading from the history pages:
Chrysler's Crisis Bailout
The first Chrysler bail-out; the M-1 tank (Featuring Donald Rumsfield in charge, the first time: same tricks)
A Step Toward Feudalism: The Chrysler Bailout
The Chrysler Bail-Out Bust
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