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Private ownership no guarantee in hard times

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Private ownership no guarantee in hard times

Submitted by Khalid on Fri, 2008/10/24 - 20:16

Last year, I wrote about Chrysler being owned by a private group, and whether private ownership is a way for corporate growth and innovation.

Given that Chrysler will be cutting 25% of salaried workers, it seems that when times are tough, even private owners will be impatient and not only public companies facing shareholders.

 

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