The Role of Private Equity
Former U.S. Treasury Secretary John Snow spoke about the role of private equity in U.S. manufacturing and the global economy. He responded to questions submited by members of the audience. Former Secretary Snow is chairman of Cerberus Capital Management LP, a New York hedge-fund and private-equity manager which is buying an 80.1 percent stake in Chrysler for $7.4 billion from DaimlerChrysler AG. He talked about Chrysler’s return to U.S. ownership and what it means to the North American automotive industry. close
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- National Press Club | Luncheon SpeechNational Press Club | Luncheon Speech
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Telephone lines were opened for viewer comments on Secretary Paulson’s speech about oversight of financial institutions.
Treasury Secretary Announcement
President Bush announced the resignation of Secretary Snow and nomination of Goldman Sachs CEO Henry Paulson as…
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Telephone lines were open for reaction to a presidential address on plans to rescue financial markets.