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April 15, 2008
Sorkin's Interview with Stephen A. Feinberg
Sorkin, noted business columnist for the New York Times, has ripped Stephen A. Feinberg, founder of Cerberus Capital Management, for being "cold and ruthless." So, Feinberg, following the dictates of modern public relations specialists, did penance and invited Sorkin in for a rare media interview. Feinberg's offense? He noted that returns for investors did not necessarily mean Chrysler would survive in its present form -- that he his task was not to be a "hero." Well how cruel and heartless. In any event, Feinberg called in Sorkin and fell on his sword. He noted his "national responsibility" for "American manufacturing" and that he was uncomfortable as a student at Princeton ("I should have gone to a public school"). Sorking loved it of course. If I was an investor in Cerberus, which I am not, I would have hated it --- either he does not mean what he says or he does -- both are a problem.
April 15, 2008 in Investing | Permalink
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Comments
I would like to read more about
Sorking, Kindly guide me?
Posted by: Atika | Apr 15, 2008 11:56:09 PM
Sorking is really a mysterious personality.
Posted by: Atika | Apr 15, 2008 11:59:14 PM










