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Sour Grapes Award
Maverick investor Kirk Kerkorian rattles GM's cage by buying 9.9 percent of its stock and sending hit man Jerry York to serve on the board. York discovers that changing GM is like punching a pillow - the company successfully fends off an alliance deal with Renault Nissan - so he quits the board after only a few months. Kerkorian then starts selling his stock, presumably so he can find another sandbox to play in.
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After the collapse of alliance talks with GM, the globetrotting CEO is going it alone - at least for now. (more)
Kerkorian selling his stock removes a big psychological barrier. But beleaguered General Motors CEO Rick Wagoner still faces many hurdles ahead. (more)
After five years, most cars are worth a fraction of their original cost. These models do the best, according to Kelley Blue Book. (more) |
