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But Custer lost: Czech privatization. (Tatra automobiles)
From:
The Economist (US)
| Date:
June 25, 1994
| COPYRIGHT 1994 Economist Newspaper Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group.Copyright information
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A year after three prominent US ex-car and truck executives were hired by the Czech government to rescue Tatra, losses are double expectations. The executives, banded together as GSR, face significant opposition in the June 28, 1994 Tatra shareholders meeting.
WHEN a trio of top American managers arrived in the spring of 1993 to take the reins at Tatra, a near-bankrupt Czech truck and car maker, it was as if the Seventh Cavalry had arrived. Leading the charge was Gerald Greenwald, ...