Tag: Hyundai

Paul “The Vulture” Singer Targets Hyundai

Greg Palast 

While Donald Trump and Kim Jong Un are playing double-or-nothing with the survival of Koreans, Trump’s billionaire sugar-daddy is taking advantage of political upheaval to attempt a seizure of one South Korea’s major employers: Hyundai Motor. Paul Singer, known as The Vulture, is mounting an attack on the auto-maker known for providing life-time union-wage employment for workers. Putting worker welfare on a par with profits infuriates Singer. He sees them as fat targets ripe for takeover and tearing apart.

In our film, The Best Democracy Money Can Buy, we explain how Singer, his Vulture Fund called “Elliott Management,” and Singer’s cronies took over the General Motors auto parts operation (Delphi) — then closed almost every factory, ended all union jobs, and reopened the factories in China.

Here is my interview with Korea’s main newspaper, Chosun Ilbo.

Singer’s goons have said they, “have a file on Greg Palast.” As you can see, I have a file on HIM… …more