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csziggy

(34,189 posts)
9. Cerebus owns a lot of gun companies and has other unsavory connections
Thu Feb 16, 2017, 11:18 AM
Feb 2017

Things that stand out for me:

Cerberus Capital Management, L.P. is an American private equity firm,[1] specializing in "distressed investing".[2] The firm is based in New York City, and run by Steve Feinberg, who co-founded Cerberus in 1992 with William L. Richter, who currently serves as a senior managing director. The firm has affiliate and/or advisory offices in the United States, Europe and Asia[3]

<SNIP>

Dan Quayle, former Vice President of the United States 1989–1993, who served with former President George H. W. Bush, joined Cerberus in 1999 and is chairman of the company's Global Investments Division.

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On June 23, 2016, GE announced a sale of its consumer finance business, GE Money Bank, to an affiliate of Cerberus Capital Management.

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On December 17, 2015, Cerberus Capital Management announced a $605 million strategic partnership with Avon Products, Inc.. According to terms of the agreement, Cerberus will be buying 80% of Avon North America. In addition, the investment will result in a nearly 17% stake in Avon Products, Inc.
https://en.wikipedia.org/wiki/Cerberus_Capital_Management


Feinberg, the head, is also somehow associated with Blackwater:

Big Gun’s Big Fail
A secretive Manhattan billionaire’s dreams of creating America’s foremost firearms empire.

By Stephen Witt November 15, 2016

Before he went into the gun business, before he started buying assault-rifle manufacturers, before he expanded into scopes and silencers, before he rolled up 18 of America’s most lethal companies into a single conglomerate, before he funded a private military base, before the massacre, before the investor revolt, before the recalls and the product defects and the bad press and the lawsuits — before any of that could happen — Stephen Feinberg, the billionaire financier, had to perfect his shooting technique. So one weekend in late 2005, he left behind the Manhattan offices of Cerberus Capital, the private-equity firm he’d founded, and his multistory Upper East Side residence, which he was in the process of spending $15 million to renovate, and traveled to Moyock, North Carolina, to the tactical-training facilities of Blackwater, the notorious private military contractor, for a weekend of long-range-firearms instruction.

More:http://nymag.com/daily/intelligencer/2016/11/a-billionaires-dreams-of-creating-a-guns-empire.html

Recommendations

0 members have recommended this reply (displayed in chronological order):

Aside from the fact that Cerberus was the vicious dog in mythology who guarded the gates of Hell? Tanuki Feb 2017 #1
yeah.. I think they are hostile takeover guys.. annabanana Feb 2017 #2
That and more...think making assault weapons a household staple. Tanuki Feb 2017 #4
Oh yeah.. the Blackwater connection.. annabanana Feb 2017 #6
Feinberg's company HoneyBadger Feb 2017 #3
here is some info lapfog_1 Feb 2017 #5
"dominant entity for training security forces in the Middle East". . annabanana Feb 2017 #8
We will kill him? Corgigal Feb 2017 #10
there is this (probably very old) photo lapfog_1 Feb 2017 #12
Ok, Corgigal Feb 2017 #13
He was saying that if any employee had their own picture out there and a picture of their apartment, JTFrog Feb 2017 #16
The part missing from that quote: "We try to hide religiously," JTFrog Feb 2017 #14
Big, into everything. Dan Quayle, John Snow on board unc70 Feb 2017 #7
Cerebus owns a lot of gun companies and has other unsavory connections csziggy Feb 2017 #9
Bush crime family. KBR. Bernie Maddoff. Neocon controlled criminal hedge fund. JTFrog Feb 2017 #11
I can't wait to hear how the IC is dealing with this. Such intense drama! Native Feb 2017 #15
I would be more concerned that a lot of people AJT Feb 2017 #17
+1 2naSalit Feb 2017 #18
Thank you AJT Feb 2017 #19
Imagine the inside knowledge a select few investors could gain from this review. Ka-ching. NT mahatmakanejeeves Feb 2017 #20
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