2007-2009: Outside events deal crippling blow to Cerberus' plan to rescue Chrysler

摘要

Stephen Feinberg, the reclusive chairman of Cerberus Capital Management LP, stood behind the curtains in an auditorium at Chrysler LLC headquarters in Auburn Hills, Mich., nervously preparing to deliver a crucial speech. In May 2007, Cerberus had emerged as the winning bidder for Daimler-Chrysler AG's ailing American operation, and 300 top Chrysler executives waited to hear Feinberg.