Kirk Kerkorian's life began in poverty and ended in spectacular success. Along the way, he founded an early airline, battled Howard Hughes for control of a germinating Las Vegas, counted icon Frank Sinatra as a friend, and owned interests in Hollywood studios MGM, United Artists and Columbia Pictures. But in addition to his glamorous ventures into the gaming and entertainment world, he also made a name for himself in automotive circles. After a brief association with Studebaker in the early 1960s, Kerkorian played a key role during the American auto industry's post-2000 shakeups. After an...
Kirk Kerkorian Finishes Sell-Off Of Entire Ford Stake
Signifying a final retreat from his expensive and unprofitable gambit made for a significant holding in Ford, billionaire Kirk Kerkorian has finished selling his Ford shares. At the peak of Kerkorian's holdings in Ford, he owned nearly 7% of the company's stock, spending more than $1 billion to...Nelson Ireson
Kerkorian Offloads Another 26.4 Million Ford Shares
Tracinda Corp, led by billionaire investor Kirk Kerkorian, has sold another 26.4 million shares of Ford stock according to a new SEC filing. The shares were sold between October 21-28 at an average price of $2.01 per share, a drop of more than 20% over the smaller liquidation made last week...Siddarth Raja
Kerkorian Dumps All GM Stock?
Kirk Kerkorian’s troubled relationship with GM has finally come to an end with reports coming through that his investment firm Tracinda selling off all stock owned in GM. The Wall Street Journal cited anonymous sources “familiar with the matter” as claiming that Tracinda had sold...Viknesh Vijayenthiran
Kerkorian Cuts His Stake In GM
Tracinda Corp led by Billionaire investor Kirk Kerkorian has cut its stake in General Motors from 9.9% to 7.4%, a month after Kerkorian's ally Jerry York resigned from GM’s board. Tracinda sold $462 million worth of the carmaker’s stock, which equates to roughly 14 million shares...Viknesh Vijayenthiran