Viziondetroit Member Username: Viziondetroit
Post Number: 958 Registered: 11-2003
| Posted on Thursday, November 30, 2006 - 4:07 pm: | |
Kerkorian to cut GM stake to 4.95 pct By Jui Chakravorty 1 hour, 2 minutes ago Billionaire Kirk Kerkorian's Tracinda Corp. investment firm said on Thursday it had agreed to sell another 14 million shares of General Motors Corp., cutting his stake in the automaker to half of what he owned earlier this year. http://news.yahoo.com/news?tmp l=story&u=/nm/20061130/bs_nm/k erkorian_tracinda_dc_1 |
Gannon
Member Username: Gannon
Post Number: 7288 Registered: 12-2003
| Posted on Thursday, November 30, 2006 - 4:42 pm: | |
Is this the billion-dollar version of "you won't play my way so I'm taking my ball?" |
Viziondetroit Member Username: Viziondetroit
Post Number: 959 Registered: 11-2003
| Posted on Thursday, November 30, 2006 - 4:49 pm: | |
Pretty much.. you know he was trying to strong arm his boy on the board of directors. I hope after all of this, he is realizing a gain. That's a nice commission for someone. |
Gannon
Member Username: Gannon
Post Number: 7290 Registered: 12-2003
| Posted on Thursday, November 30, 2006 - 4:52 pm: | |
Gain might be in the getting out before it gets worse. |
Ptero Member Username: Ptero
Post Number: 62 Registered: 12-2005
| Posted on Thursday, November 30, 2006 - 11:21 pm: | |
Fox2 hinted at this at 6pm, and Channel 4 has it now at 11... He is dumping ALL of his GM holdings. 14 million shares last week, then 14 million this morning took him to the 4.95% amount. Now he has sold the rest - 28 million. All together some $1.5 billion plus. They said Bank of America took the chunk of 28 million shares. AP report: http://biz.yahoo.com/ap/061130/gm_kerkorian.html?.v=22 (Message edited by ptero on November 30, 2006) |
Detroitej72 Member Username: Detroitej72
Post Number: 419 Registered: 05-2006
| Posted on Thursday, November 30, 2006 - 11:42 pm: | |
Good Ridence, F@#*ing Troll. |
Gravitymachine Member Username: Gravitymachine
Post Number: 1408 Registered: 05-2005
| Posted on Friday, December 01, 2006 - 12:18 am: | |
don;t let the door hit your ass on the way out kirk! |
Lmichigan Member Username: Lmichigan
Post Number: 4784 Registered: 10-2003
| Posted on Friday, December 01, 2006 - 12:42 am: | |
Amen to that. |
Rhymeswithrawk Member Username: Rhymeswithrawk
Post Number: 159 Registered: 11-2005
| Posted on Saturday, December 02, 2006 - 4:46 am: | |
Now maybe GM can focus on trying to save itself instead of trying to appease the kazillionaire from Las Vegas. |