Retail

Kerkorian's failed takeover attempt pressured Eaton to find a partner

Kirk Kerkorian turned up the heat on Bob Eaton. (JOE CAVARETTA\/ASSOCIATED PRESS)
JS
By:
Jesse Snyder Bradford Wernle
February 16, 2009 05:00 AM
Eaton's nemesis

Kirk Kerkorian’s influence

• Demands for cash drained Chrysler’s reserves.

• He became a distraction to Chrysler executives.

• His hostile bid for the automaker pushed Chrysler into Daimler’s arms.

Chrysler Corp. Chairman Bob Eaton, alone in a company-owned apartment in New York, placed a call to billionaire Kirk Kerkorian, the automaker's biggest shareholder.

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