Saturday, October 25, 2008
Cerberus and Mr. Invisible-Stephen Feinberg
The founder of Cerberus Stephen Feinberg is one of the most elusive men in America. Hardly any photos can be found of him! Try and find some! Good luck!
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Since graduating from Princeton 25 years ago, Feinberg has never given an interview and has never been photographed by the press.
Not that there has been much demand until now. On Wall Street, the C.E.O. of Cerberus Capital Management, an investment firm with $26 billion in assets under management, has long been admired. (“You probably think you’re smart,” says one former employee. “Now take your brain and mine, take them to the 28th power, and you have Steve Feinberg.”)
To the general public, though, Cerberus has been just another shadowy buyer of companies in an already overpopulated field. The firm’s purchases include a grab bag of brands that lurk on the edge of consumer consciousness: Fila sporting goods, Mervyn’s department stores, Alamo and National rental cars, Air Canada, the GMAC lending arm of General Motors.
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