National Press Club

The Role of Private Equity

July 18, 2007

About This Video

Run time: 60 minutes

Former U.S. Treasury Secretary John Snow spoke about the role of private equity in U.S. manufacturing and the global economy. He responded to questions submited by members of the audience. Former Secretary Snow is chairman of Cerberus Capital Management LP, a New York hedge-fund and private-equity manager which is buying an 80.1 percent stake in Chrysler for $7.4 billion from DaimlerChrysler AG. He talked about Chrysler's return to U.S. ownership and what it means to the North American automotive industry.