Start with a large one, of course. That seems to be billionaire Kirk Kerkorian's strategy with his investment in General Motors. In a few short months, the value of Kerkorian's 9.9 percent stake in GM has shrunk by a cool $436 million.
Bloomberg reports that the 20 biggest GM investors have collectively lost $3.8 billion this year.

No wonder rumors persist that Kerkorian, ranked 19 among the 400 richest Americans by Forbes magazine, will take a more active role in GM's future plans. Wouldn't you?

A likely step is securing a board seat for Kerkorian advisor Jerry York, former CFO of Chrysler.

I'm reporting this comment as:

Reported comments and users are reviewed by Autoblog staff 24 hours a day, seven days a week to determine whether they violate Community Guideline. Accounts are penalized for Community Guidelines violations and serious or repeated violations can lead to account termination.

    • 1 Second Ago
  • From Our Partners

    You May Like
    Links by Zergnet
    Cars for Sale Near You

    Share This Photo X