Word: bbk
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Dates: during 2000-2009
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...Some industry experts are not optimistic about Chrysler's prospects. "I think (Chrysler) is going to have to merge," says Alicia Masse, managing director of BBK, a consulting firm-based in Southfield, Mi. that has done extensive work in the automobile industry...
...make the changes in VEBAs and the jobs bank, he does not have the same authority to change other aspects of the existing contract without a vote by active workers. For example, according to William C. Andrews, managing director of the automotive advisory group at the consulting firm of BBK in Southfield, Mich., the UAW membership holds an effective veto over any "prepackaged" bankruptcy - which must be approved by all parties before it is filed, as opposed to a regular bankruptcy, in which the judge can change labor contracts - while the union retains the right to strike...
...rivals are hoping that the BBK scandal could help swing undecided voters away from him; according to the Korea Times, as of last week one-quarter of voters still hadn't made up their minds. Still, many observers are skeptical that the National Assembly investigation, even with such bombshell timing, will have much of an effect on the vote. "I don't think it will change the outcome of the election," says Paik Haksoon, a senior fellow at the Sejong Institute, a Seoul-based think tank. However, he adds, "it could lower support for Lee significantly." Assuming Lee wins...
...Assembly, approved a plan to open an investigation into allegations of fraud against presidential front-runner Lee Myung Bak. The Assembly greenlighted the probe after a video surfaced over the weekend of a lecture Lee gave in 2000, in which he claimed that he set up Korean investment firm BBK, a connection he had previously denied. Kim Kyung Joon, the head of the company and Lee's business partner in a previous venture, was indicted on Dec. 5 on charges of rigging share prices and embezzling tens of millions of dollars from the company, although Seoul prosecutors announced last week...
...sharp blow for a candidate who the latest polls say is set for an easy victory. Lee's camp responded by saying their candidate had "exaggerated" his involvement with the company in the video, and reiterated that Lee did not found BBK. But despite renewed questions over his possible involvement in the stock scandal, most observers believe a Lee victory is still all but certain. With outgoing President Roh Moo Hyun deeply unpopular because of his perceived failures to create more job opportunities or to combat rising housing prices, Korea's electorate seems more eager for a leader...