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Non-Tech : KKRO Koo Koo Roo -- Ignore unavailable to you. Want to Upgrade?

To: jtechkid who wrote (391)	3/31/1998 12:40:00 PM
From: Andreas Samson	Respond to of 479

People are reading too much into Iacocca's role here. I would put a lot more store by it if he were coming in as CEO. Or coming in from outside KKRO altogether. Or buying shares on the open market with his own money. He is not. He will not be doing the day-to-day running of the company. He has ALREADY been a board member for a number of years. 'Acting chairman' is an honorific, in a time of need following the heart attack-induced retirement of his friend Ken Berg. Serving on corporate boards is a lucrative sideline for gray eminences from the world of business and politics. How much of his own money has Iacocca put at risk for this company? I'm not talking a little venture capital in exchange for IPO stock worth more than the initial investment. I'm talking about the kind of equity risk shareholders make when they pay $3 a share for a company with a fundamental value of half that.