BUSINESS

Cerberus Agrees To Give Up 80% Stake In Chrysler

05/01/2009 05:12 am ET | Updated May 25, 2011

For Stephen A. Feinberg, the long road back from the most disastrous investment of his career -- Chrysler L.L.C. -- began last week around a polished wood table inside the Treasury Department.

It was not the road he had envisioned when his private investment firm, Cerberus Capital Management, bought Chrysler in the summer of 2007.

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