MARCH 3, 2003
Uh-oh, here comes Kerkorian
Rule number one: never annoy a billionaire. American billionaire Kirk Kerkorian was very upset back in 1998 when he believes the shareholders of the Chrysler Coprotaion were misled by Daimler-Benz chairman Jurgen Schrempp. Now he is suing...
In recent days Kerkorian's lawyers have been granted an order to make the Financial Times hand over a tape-recording of an interview with Schrempp in which he allegedly admitted Chrysler was always destined to be a division of the enlarged group.
The case will be decided by a court in Delaware in the United States. DaimlerChrysler says it is confident that it will win the case but Kerkorian seems confident as well and defeat for Schrempp could be disastrous for his career.