The players: entertainment and energy mogul Marvin Davis, the Pritzker family and MGM-Mirage owner Kirk Kerkorian.
They fear Kerkorian's influence will cause management to take its eye off the turnaround.
He says since Kerkorian came on the scene, Detroit has been hit with a double whammy.
KirkKerkorianKirk Kerkorian keeps betting more and more heavily on a turnaround at Ford .
Kirk Kerkorian keeps betting more and more heavily on a turnaround at Ford .
The 20 million shares Kerkorian will buy amount to only 1.0% of Ford stock.
And Kerkorian's style has never been to just quietly put money where he sees smart management.
Billionaire Kirk Kerkorian could care less about General Motors ' new Buick LaCrosse or Hummer H3.
Kirk Kerkorian may have made his fortune in hotels and casinos, but he loves playing with cars.
Billionaire investor KirkKerkorianKirk Kerkorian gets fed up and orchestrates a buyout of his 10% stake in GM.
The attempt met with opposition from Chrysler's executives and Kerkorian aborted his attempt a few years later.
Few are angrier than Kirk Kerkorian, an American billionaire who was Chrysler's biggest shareholder before the merger.
In the 1980s, Kerkorian built a stake in Chrysler, but was unable to acquire the entire automaker.
Kerkorian is "legitimately impressed with Ford's turnaround plan" but the purchase offer "is a smokescreen, " Healy said.
KirkKerkorianKirk Kerkorian may have made his fortune in hotels and casinos, but he loves playing with cars.
Kirk Kerkorian's MGM Mirage, for instance, is planning a casino on the Strip aimed at 25- to 35-year-olds.
Billionaire investor Kirk Kerkorian gets fed up and orchestrates a buyout of his 10% stake in GM.
Just before Christmas he talked to Kirk Kerkorian, who encouraged Murren to think about the next big thing.
That seems to be the thought of KirkKerkorianKirk Kerkorian, the Las Vegas investor who owns 10% of GM.
Kerkorian began investing in General Motors last year, and he has had limited success in influencing the automaker.
In a second letter, addressed to Nissan and Renault, Kerkorian revealed he had discussed the alliance with Ghosn.
This is why an increased investment by Kerkorian sent shares up 8% today.
FORBES: MGM: 95-Year-Old Billionaire Casino Magnate Kerkorian May Increase Stake
Kerkorian stepped down as a director in June 2011, leaving it fully in the hands of CEO Jim Murren.
FORBES: MGM: 95-Year-Old Billionaire Casino Magnate Kerkorian May Increase Stake
Pointing to signs of progress in Ford's turnaround effort under Chief Executive Alan Mulally, Kerkorian's investment company, Tracinda Corp.
Ford says regardless of what Kerkorian does, it will stay focused on its efforts to turn the company around.
On Monday, Kerkorian said he wanted to unload his stake in Ford if he could get the right price.
As for Kirk Kerkorian, he has lost, on paper anyway, hundreds of millions of dollars on his GM investment.
Kerkorian, 95, could boost his position to 25% from 18.6% through his investment company Tracinda, a new SEC filing shows.
FORBES: MGM: 95-Year-Old Billionaire Casino Magnate Kerkorian May Increase Stake
Billionaire investor KirkKerkorianKirk Kerkorian may need to hedge his GM bet with oil futures if he hopes to stay whole.
Richard Wagoner called off talks with Renault and Nissan to forge an engineering and product development alliance that Kerkorian had championed.
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