Cerberus is also the multi-headed hound that guards the gate of Hades to prevent those who have crossed the river Styx from ever escaping. What a name for a company.
My limited experience in this area did not turn out well. The company I was in was bought by a much larger defense contracting ‘holding company’. They took an agile, entrepreneurial, well-thought-of company and stifled it with controls, oversight, unrealistic goals, and endless meetings. The brand we had built was subsumed and lost by the New York cognoscenti.
Customers and employees fled.
I was outta there as soon as I could be.
And I am still pissed at the CEO of our company - who was retiring - he seemed to have it as a mission to get our company sold before he left.
DynCorp was a good company when I was there 20 years ago. It had motivation and excellent DoD contracts.
Cerberus was started by Stephen Feinberg, a true conservative who regrets the name chosen for his company.
Cerberus is not your typical private-equity company...it actually rehabilitates companies rather than slashing and selling off the choice assets like so many PE firms do these days.
Cerberus bought Chrysler because Feinberg is a big fan of US manufacturing ande wanted to show the world what would happen if you broke all the rules in the auto industry.
Unfortunately, the damage inflicted on Chrysler by Daimler was incredible, coupled with the collapse of the auto market in the US (17 million vehicles sold in 2007 versus 10 million sold in 2009), forced Cerberus to exit its ownership at a massive loss (thanks Obama!).
Cerberus is a good company worthy of Freeper support.