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BUSINESS
November 21, 1995 | From Associated Press
Kirk Kerkorian, Chrysler Corp.'s largest shareholder, said Monday he will try to oust a company director and replace him with Kerkorian lieutenant Jerome B. York, a former Chrysler executive. Kerkorian has been pushing the board for nearly a year to take steps he believes will increase Chrysler's shareholder value. In April, he launched an abortive attempt to take over the company. A meeting Monday between Kerkorian and Chrysler Chairman Robert J.
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BUSINESS
October 7, 2006 | John O'Dell, Times Staff Writer
General Motors Corp. director Jerome York abruptly resigned from the board Friday while his ally, billionaire investor Kirk Kerkorian, withdrew a plan to add as many as 12 million GM shares to his 9.9% stake in the company. The moves could set the stage for a bid by Kerkorian -- GM's fourth-largest investor -- to run his own slate of candidates for the automaker's board next year. Kerkorian, 88, and York, 68, acted three days after GM's board voted to end talks with Renault and Nissan Motor Co.
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BUSINESS
October 7, 2006 | John O'Dell, Times Staff Writer
General Motors Corp. director Jerome York abruptly resigned from the board Friday while his ally, billionaire investor Kirk Kerkorian, withdrew a plan to add as many as 12 million GM shares to his 9.9% stake in the company. The moves could set the stage for a bid by Kerkorian -- GM's fourth-largest investor -- to run his own slate of candidates for the automaker's board next year. Kerkorian, 88, and York, 68, acted three days after GM's board voted to end talks with Renault and Nissan Motor Co.
BUSINESS
February 7, 2006 | John O'Dell, Times Staff Writer
It looks as if billionaire Kirk Kerkorian can cross two things off his General Motors Corp. wish list. The ailing automaker on Monday elected Kerkorian's top aide to its board and reportedly adopted his proposal for a 50% cut in its quarterly dividend to conserve cash. By naming former Chrysler Corp. and IBM Corp.
BUSINESS
June 18, 2005 | From Bloomberg News
Kirk Kerkorian, the billionaire investor who this year became General Motors Corp.'s third-biggest shareholder, agreed to hand over part of any profit on the investment to former Chrysler Corp. executive Jerome York. York, who is consulting for Kerkorian's Tracinda Corp., would be paid 4% of any profit in 2009, according to a copy of an agreement Tracinda filed with the Securities and Exchange Commission on Friday. Kerkorian, 88, holds a 7.2% stake in GM after buying 40.
BUSINESS
February 7, 2006 | John O'Dell, Times Staff Writer
It looks as if billionaire Kirk Kerkorian can cross two things off his General Motors Corp. wish list. The ailing automaker on Monday elected Kerkorian's top aide to its board and reportedly adopted his proposal for a 50% cut in its quarterly dividend to conserve cash. By naming former Chrysler Corp. and IBM Corp.
BUSINESS
September 6, 1995 | DONALD W. NAUSS, TIMES STAFF WRITER
Billionaire investor Kirk Kerkorian on Tuesday hired Chrysler Corp.'s former chief financial officer as vice chairman of Tracinda Corp., a move likely to add credibility to his takeover designs on the auto maker. Jerome York, chief financial officer of International Business Machines Corp., joins Tracinda as the Las Vegas-based gaming and entertainment company has been increasing its stake in Chrysler.
BUSINESS
May 10, 2008 | Martin Zimmerman, Times Staff Writer
Is Mercury headed for the junkyard? Speculation is mounting that Ford Motor Co., preoccupied with reviving its Ford and Lincoln brands, might decide to retire the Mercury nameplate rather than spend scarce resources trying to restore its former luster. Despite denials from Ford, the conjecture got a boost last week when Jerome York, a former auto executive and advisor to billionaire investor Kirk Kerkorian, said shedding the brand would be a smart move for the struggling automaker.
BUSINESS
May 7, 1993 | From Times Staff and Wire Reports
Chrysler Names New Chief Financial Officer: Chrysler Corp. has named Gary Valade executive vice president and chief financial officer to replace Jerome York, who left the company for IBM. Valade, 50, previously vice president of corporate personnel, was also named to Chrysler's office of the chairman. There he joins Chairman Robert Eaton, President Robert Lutz and Executive Vice President and Chief Administrative Officer Thomas Denomme.
BUSINESS
February 8, 1996 | From Reuters
Chrysler Corp., in a rebuff to billionaire Kirk Kerkorian, said Wednesday it named John Neff, a former managing director of Wellington Management Co., to fill the board seat vacated by former Kmart Corp. Chief Executive Joseph Antonini late last year. Kerkorian, through his Tracinda Corp. investment company, had asked that his top strategist, former Chrysler Chief Financial Officer Jerome York, be named to the board in place of Antonini.
BUSINESS
June 18, 2005 | From Bloomberg News
Kirk Kerkorian, the billionaire investor who this year became General Motors Corp.'s third-biggest shareholder, agreed to hand over part of any profit on the investment to former Chrysler Corp. executive Jerome York. York, who is consulting for Kerkorian's Tracinda Corp., would be paid 4% of any profit in 2009, according to a copy of an agreement Tracinda filed with the Securities and Exchange Commission on Friday. Kerkorian, 88, holds a 7.2% stake in GM after buying 40.
BUSINESS
November 21, 1995 | From Associated Press
Kirk Kerkorian, Chrysler Corp.'s largest shareholder, said Monday he will try to oust a company director and replace him with Kerkorian lieutenant Jerome B. York, a former Chrysler executive. Kerkorian has been pushing the board for nearly a year to take steps he believes will increase Chrysler's shareholder value. In April, he launched an abortive attempt to take over the company. A meeting Monday between Kerkorian and Chrysler Chairman Robert J.
BUSINESS
September 6, 1995 | DONALD W. NAUSS, TIMES STAFF WRITER
Billionaire investor Kirk Kerkorian on Tuesday hired Chrysler Corp.'s former chief financial officer as vice chairman of Tracinda Corp., a move likely to add credibility to his takeover designs on the auto maker. Jerome York, chief financial officer of International Business Machines Corp., joins Tracinda as the Las Vegas-based gaming and entertainment company has been increasing its stake in Chrysler.
BUSINESS
November 19, 2002 | From Reuters
Tyco International Ltd., whose board was criticized for being lax under former Chairman L. Dennis Kozlowski, announced the first of an expected string of director resignations as the conglomerate works to restore investor confidence. Tyco said Lord Michael Ashcroft and James Pasman Jr. resigned from the board. The remaining seven directors are expected to resign before the company's annual meeting early next year. The two men will be replaced by Micro Warehouse Inc.
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