Posted On: 02/25/2012 12:38:38 AM
Post# of 1279

Ally Said to Enlist Cerberus’s Tessler for Turnaround Effort
Ally Financial Inc., the largest U.S. auto lender, enlisted Cerberus Capital Management LP’s Lenard Tessler to help oversee turnaround efforts and salvage the government’s $17.2 billion investment, four people with knowledge of the matter said.

