Given the question of where the liabilities lie, there should be a fight. That fight can't be made without an equity committee.
"David Alan Tepper" is an American hedge fund manager and the founder of Appaloosa Management. His investment specialty is distressed companies. In recent years he has become known as a philanthropist, and in 2013 he donated his largest gift of $67 million to Carnegie Mellon University, whose Tepper School of Business is named after him. He earned his Bachelor of Arts/BA in Economics from the University of Pittsburgh in 1978 and his MBA (then known as an MSIA) from the Tepper School of Business (then known as GSIA) of Carnegie Mellon University in 1982. For the 2012 tax year, Institutional Investor’s Alpha ranked Tepper No. 1 for earning a $2.2 billion paycheck. He topped the list again in 2013, earning $3.5 billion.
More David Tepper on Wikipedia.The S&P 500 stocks looked cheap compared to everything else.
GM will do what's best for GM, and Delphi should do what's good for them.
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