Posted On: 02/25/2012 12:39:51 AM
Post# of 1279

Ally Said to Tap Cerberus’s Tessler for Turnaround Expertise
Ally Financial Inc., the largest U.S. auto lender, tapped 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.

