i1connect News Calls Imperato on Chrysler Based on London Financial Times Interest
The Financial Times expressed that they would be looking for a story that would include either an official lawsuit filed on behalf of the workers or stronger support on the validity of the Chrysler Employee Buyout Committee's offer for Chrysler.
"I have been in touch with lead consultant Richard Cares out of Connecticut, who has been working with the investment banking group in New York and representing the interest of Michele Mauder on behalf of the UAW workers. It appears that an agreement will be struck where I will join forces with the group and will be tasked with preparing the financing and scouting for an international legal team to represent the group," stated Imperato.
In addition, Imperato stated that once officially on board with the Chrysler Employee Buyout Committee he will reach out to fellow Chrysler bidder Kirk Kerkorian to
"become a true humanitarian" and "support the cause for the workers" in order to "show the American workers that he cares about people and not just profits."
Imperato also stated that he will be reaching out for former Chrysler CEO Lee Iacocca, and Kerkorian's Lieutenant at Tracinda, Jerome York to form a powerful group to protect the interest of Chrysler's UAW workers.
The next step according to Imperato would be to prepare his recommendations for an international legal counsel to determine proper jurisdiction and the most appropriate avenue to have the voices of the workers heard at the offer table.
Imperato then described a unique exchange that he had between him and the Chrysler Corporation.
"I received a call from Daimler Chrysler and the financial department with no name attached to it. I referred it to my financial people and asked them to request a formal written letter from Daimler Chrysler, a copy of the offering document which I have been denied from JP Morgan Chase, and a written response form the UAW and Ron Gettelfinger regarding a letter that I wrote to him several months ago, to which he has not responded."
In order for Imperato to meet with DaimlerChrysler AG executives as well as UAW leadership, Imperato said that he would request a formal letter from all parties that clearly states their intent to proceed with the workers in an open and fair manner.
Imperato concluded the interview by stating, "I have committed to work with the employee buyout group and am awaiting a formal response from them. I will state that I will do whatever it takes to have the workers heard and our plan presented to the powers that be. If that does not happen, I will recommend to the group that international legal counsel be retained to proceed forward and to inform Daimler Chrysler to govern themselves accordingly."
*** This release has been created by i1connect, an independent news agency.***
I1 Connect (www.i1connect.com) is the new online leader in global public relations and advertising. With a diversified set of offerings ranging from Public Relations, Press Releases Distribution, Advertising, Marketing, Website Development, to Investor Relations services, i1connect.com has positioned itself for a long term growth utilizing the latest in telecommunications technology.
For Interviews and Media Inquiries Contact
This release was published on openPR.
Permanent link to this press release:
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release i1connect News Calls Imperato on Chrysler Based on London Financial Times Interest here
News-ID: 21199 • Views: 1484
More Releases from i1connect
GoIP and Visisys to Launch "Simone"
NEW YORK, NY / Jan 8, 2008 - GoIP Global, Inc. (Other OTC:GOGB.PK - News) (Frankfurt:3GG.F - News) announced today that a strategic partnership has been reached with Visisys Inc., the developer of Viso Vue. Viso Vue enables "Simone" (an animated, interactive character) with facial recognition to come to life on a video screen and interact with its viewer. Viso Vue uses stored customer or individual profiles to offer "Simone" realtime
i1search Gains in New Alexa Traffic Rankings
West Palm Beach, FL - November 21, 2007 – In another surprise, one of the internet's fastest growing search engines, i1search (i1search.com) has leapfrogged several thousand websites to move into the top 45,000 websites in the United States, as determined by traffic rank measured by Alexa, the world's leading authority on internet traffic. i1search, as of November 21, 2007, has a traffic ranking of 43,875 in the
Imperato Steps Out Again - Predicts Republican Strategy for 2008
Washington, DC. -- Leading Independent Libertarian Presidential candidate Daniel Imperato has proven an uncanny ability to predict the headlines, especially when it comes to the Bush Administration and their cadre of “polished – ticians” methods of winning elections. Citing several of his own previous accurate predictions, Imperato made a new and even bolder prediction for what we can expect from the Republicans during the 2008 presidential campaign. He leads with
Imperato Calls it Again: Rudy Giuliani New York Mafia Conspiracy
New York - October 26, 2007 - "Giuliani taking credit for wiping out organized crime may have been a feather in his cap. Now that he's running for president, I hope that doesn't turn around on him to bite him back. People who live in glass houses shouldn't throw stones," stated Imperato. Those were the words stated on July 28, 2007 by 2008’s leading Independent Libertarian Presidential Candidate, Daniel Imperato. Yesterday, according
More Releases for Chrysler
Global Connected Car Market 2019-2025 | Competitors, Business Strategy and Key P …
Researchmoz added Most up-to-date research on "Global Connected Car Market Insights, Forecast to 2025" to its huge collection of research reports. Global Connected Car market size will reach million US$ by 2025, from million US$ in 2018, at a CAGR of during the forecast period. In this study, 2017 has been considered as the base year and 2019-2025 as the forecast period to estimate the market size for Connected Car. This industry
Global Connected Vehicles Market 2018 - BMW, Broadcom, Chrysler, Benz, Daimler
Apex Market Reports, recently published a detailed market research study focused on the “Connected Vehicles Market” across the global, regional and country level. The report provides 360° analysis of “Connected Vehicles Market” from view of manufacturers, regions, product types and end industries. The research report analyses and provides the historical data along with current performance of the global PP Pipe industry, and estimates the future trend of Connected Vehicles on
Chrysler Bidder Imperato To Support Workers at Employee Buyout Demonstration
Detroit, MI – 6/1/07 Today Chrysler Bidder Daniel Imperato endorsed the workers movement at the Chrysler Corporation and the Chrysler Employee Owned Buyout Committee. Imperato who had originally proposed an ESOP (Employee Stock Ownership Plan) for the workers of Chrysler has now placed his backing behind the employee committee, headed by Michele Mauder. To his support, Imperato will be attending a worker\'s rally this Monday at Chrysler Headquarters in Auburn Hills. \"I\'m
Chrysler Employee Group Follows Imperato's Advice and Bids on Chrysler
Detroit – In a formal letter to DaimlerChrysler AG Chairman and CEO Dieter Zetsche, 25 employees from the local Chrysler Jeep manufacturing plan in Toledo, Ohio submitted a bid for the United Auto Workers to acquire the Chrysler Corporation. The committee named the \"Chrysler Employee Buyout Committee\", led by Michele Mauder, has proposed an employee stock ownership plan or (ESOP) in exchange for healthcare concessions. The proposal comes
Chrysler: Saving A Great Automaker, or Breakup Deal?
Labor Union Friendly Bids Left Out in Favor of Private Equity Buyouts As DaimlerChrysler AG Executive and Board Member, Rüdiger Grube, meets with prospective buyers this week at JP Morgan Chase offices in New York, it appears that two more union-friendly proposals have been left out of those meetings. Grube is scheduled today to start a week long round of meetings with representatives from the tandem of Blackstone Group and Centerbridge
Kerkorian Follows Imperato's Lead on UAW Chrysler Buyout Deal
Detroit, MI – April 5, 2007 - Today Billionaire Investor, Kirk Kerkorian, made a bid to buy back the automaker that he tried to buy 9 years ago, Chrysler. Kerkorian\'s wholly-owned investment company, Tracinda Corp., on Thursday made a $4.5 billion cash offer for DaimlerChrysler AG\'s U.S.-based Chrysler unit. A deal would put Kerkorian in charge of Chrysler a decade after he claims he was tricked out of potentially billions of