He needs to just DIE. He’s effin’ 90 years old!! Why does he care so much about money??? Go play golf or bang a 19 y.o. blondie! Freakin’ loaded already in first place! God!!

If i have like 15 million, I’m done. I’ll just go out and have fun, taking trips, or whatever. Kirk is a BILLIONARE!!! Greedy old fart, that is.

That was 1 big block trade this afternoon – 28 Million shares in 1 trade – I was shocked the price propped right back up to where it began the day…

He’s just pissed the deal didn’t go through and he didn’t make even more billions. Hey old man give me your riches and we’ll call it even, you won’t need it much longer anyway. If GM has a genius like me running the show they wouldn’t be in the ****ter at all.

What a prick Kerkorian is. He didn’t get his way so now he’s going to hurt the company in the best way he can.

Please keel…

One savvy smart bastard…

Don’t let the door hit you in the ass on the way out.

This is exactly why Ford needs to buy back all of its stock and start making decisions that aren’t influenced by greedy speculators that could care less about the company so long as they get a decent return on their investment.

LOL…like GM and Ford are saints!? Wait I about pissed my pants on that…
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Like any investor Kerkorian can move about his funds as he desires. If GM tanks because Kerkorian leaves, then GM was going to tank no matter what.

His money, he has earned it so he can do whatever he pleases with it. If I were him I would do the same considering the company is in the ****ters and needs salvation. If I would invest as much as he did then i would expect someone to listen to me. GM snubbed him and he in return snubbed his shareholding in the company. Who in the chat room wouldn’t do the same?

An alliance was good for Kerkorian, but not for GM. I think GM did the right thing, and since Kerkorkian didn’t get his way he is simply taking his ball and going home. No loss really.

Being serious for one moment. You don’t actually see any other multi biliionaire putting money into GM, do you? So he was trying to make a profit. Thats fair when you consider that he is taking a massive risk by putting money into a company which no one has any faith in. Hell look around even the US government aint even willing to help them so GM should actually be grateful. Any damage this does to the company will be all down to Rick Wagoner and friends as they are the reason he (Kirk) is turning away.

P.S. MHW It may be stupid taking your ball and going home when you don’t get your way but when so many of your billions are at stake it may be the right call for him. Plus it is a loss as the share prices show.

Huhh, Kekorian sold to someone. Someone else wanted it. That is why the price did not plummet.

GM is not going away. Kekorian decided he was only going to double his money and it will take too long for the stock to double again.

You may not believe it but GM is on it’s way back to profitabily. Soon.

as if this guy was a boxer…

MarketWatch is saying he sold it all. GM just sold 51% stake of its GMAC financing unit for $14 billion USD.

C’ya Kirk. You won’t be missed. Stay out of Detroit.

i apologize for probably asking a silly question because this is the part of the business i’m not too savvy with, but what happens to that percentage that he used to own? does that just go to the company ownership itself or what?

This will not affect GM in any way.

Good riddance to bad rubbish.

Umm…these comment here lately are getting more and more immature by the day. Some of you people need to grow up a bit.

^^You just noticed that?! It’s been going on for quite a while now.

As for Kirk selling off ALL (not 1/2…see today’s Detroit News “Kirk Bails” article), he’s a businessman who’s made a LOT of money over the years. He didn’t do that by clinging to lousy investments. He saw an opportunity to make money by investing in GM, and when it didn’t turn out as promising as anticipated, he got out. It really has nothing to do with actually “helping” GM. It’s business, and business is about making money. It’s that simple.

Oh just wait untill a Toyota/Lexus article pops up, then A4 and his friend C13PO (or whatever) will give a new meaning to immaturity, again.

Wasn’t there a similar situation with Kerkorian and Chrysler a few years back?

November has a weird sense of humor, save that for the gay site though.

this will affect GM lanapat – like Ford they will burn through billions of dollars to fund their turnaround. a lower share price means fewer options to raise that cash. Selling off a chunk of GMAC is a far worse option for GM then having Renault/Nissan as an investor, unless of course you are one of the current management on millions of dollars a year that has run GM into the dirt.

For another take on Kerkorian’s motives, check out this link:

http://forums.detnews.com/autosblog/index.cfm?blogid=138

The report filed by Trancinda to the SEC stated that Kerkorian made approximately 130 Million on the deal. HE didn’t lose money at all. He was upset that Gm did not go in with Rennault and Nissan.

Good for GM, they are recovering without Kerkorian.

deantj writes “Although I would recommend against buying GM stock, unless you like throwing money in the trash”….glad you’re not my broker Dude, the GM stock in my 401k portfolio has been a strong contributor to a 21% rate of return for this calendar year. The GM stock alone has performed at a 58.5% rate of return for this calendar year. Shares I bought at $18-19 are now trading at $29 plus, I don’t consider that “throwing money in the trash”…..Kirk or no Kirk, the GM stock has performed this year. It’s a long way from the glory days for sure, but it’s by no means been a bad pick in 2006 !! So stay away Dude, it’s just more for me !!