From a write up on Stephen Feinberg, CEO/co-founder of Cerberus...
Feinberg has traded his tennis rackets for rifles. His new hobby is big-game hunting. On family trips to Colorado, he leaves before dawn, comes back midday, and takes his daughters on a hike. A few trophies have been sent to the taxidermist’s for mounting. “My guy friends are always, like, sketched out,” Lindsey says. “ ‘I don’t want to be with you. Your dad is going to shoot me.’ I’m like, ‘No, he’s not like that. He’s really chill. He’s a really laid-back guy.’ ”
Lindsey is a daughter.
Whether a new found thrill, or a life passion; at least the guy has some interest in our sport. I am generally supportive of private equity firms and what they can do for companies, especially one with Cerberus' resources. Prudent mergers and cooperation among holdings, some manufacturing and marketing expertise appropriately applied; and our favorite manufacturers will be much more stable that if left standing alone. Companies like Cerberus are interested in companies that have value. Companies that can make money. In today's marketplace that means companies that have cost-effective manufacturing and products that consumers want. And those consumers are folks like you and me in this case.