Wednesday, December 07, 2005

EARTH MOVES! Kerkorian's Jerry York Reported Set to Join General Motors' Board of Directors

That's what Automotive News is reporting, quoting an unnamed "insider." York would be billionaire investor Kirk Kerkorian's representative on the GM board. Kerkorian owns 9.9 percent of GM's stock.

Kerkorian has been interested in Detroit firms for some time, most notably in association with former Chrysler honcho Lee Iacocca in an unsuccessful 1995 takeover bid of Chrysler.

If York does indeed join the GM board, he will not be the automaker's first experience with a corporate outsider with an agenda. Remember Ross Perot and the EDS experiment during the Reagan years?