Monday, April 28, 2008

Kirk Kerkorian Buys Stake in Ford

Photo from New York Times
Image from Wikipedia

Is Kirk Kerkorian actually C. Montgomery Burns? Seriously. He's got the vague Ruper Murdoch-y evilness about him, he's very, very old, and he still a fabulously wealthy business mogul. I mean, how many people born in 1917 would still be at it this hard?


Kerkorian Buys Stake in Ford

This time, Kirk Kerkorian seems content to hitch a ride on the potential turnaround of a Detroit automaker instead of grabbing the wheel himself.

In a surprise announcement, the 90-year-old billionaire’s investment firm, the Tracinda Corporation, said Monday that it was placing a big bet on the fortunes of the Ford Motor Company, acquiring 100 million shares of Ford stock and planning to buy another 20 million shares. . .

Read more at: New York Times

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