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Kirk Kerkorian was The one biggest personal shareholder in Chrysler Company. Kirk was a billionaire from Beverley hills. He experienced bought a ten% stake in 1990 in Chrysler which grew to much more than fifteen%. In 1995 he attempted a hostile takeover of the business but had to abort it on account of govt intervention. He then offered to promote a Section of his shares in Trade for a location to the Board of Directors.
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The massive question which was becoming requested was If your US personnel must take a pay Minimize or would the Germans be supplied a large spend hike. The US workers would not comply with any pay back cuts while rising the wages all around for the 440,000 workforce would mean specified economic ruin.
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