Filed under: Etc., GM, Earnings/Financials
http://www.blogcdn.com/www.autoblog.com/media/2012/08/akerson-opt.jpg
You have to feel for Dan Akerson. Not only is the guy stuck parking his Chevrolet Volt at the country club next to all those 500-plus-horsepower tarmac terrors from Audi, BMW and Mercedes-Benz, but he’s woefully underpaid.
So what’s the General Motors Chaiman and CEO to do? Take matters into his own hands - like a boss. According to The Detroit News, Akerson bought 25,000 shares of GM stock this week, investing a cool half-a-million bucks in his own company. The move comes despite Akerson having “incurred significant paper losses” of about $1.8 million on his GM stock holdings, now reported at 272,838 shares.
A GM spokesman told the News that the latest stock purchase was a personal investment. Because the man has to get paid.CEO Akerson buys over $500K in GM stock originally appeared on Autoblog on Thu, 09 Aug 2012 16:31:00 EST. Please see our terms for use of feeds.
Permalink | Email this | Commentshttp://feedads.g.doubleclick.net/~at/uPBSuXCB7BdKgdHlBaJT-5wUu6Q/0/di
http://feedads.g.doubleclick.net/~at/uPBSuXCB7BdKgdHlBaJT-5wUu6Q/1/di
http://feeds.feedburner.com/~ff/weblogsinc/autoblog?i=ckqBTrr-2Qs:MQlMNhj7PvY:wF9xT3WuBAs http://feeds.feedburner.com/~ff/weblogsinc/autoblog?i=ckqBTrr-2Qs:MQlMNhj7PvY:V_sGLiPBpWU
http://feeds.feedburner.com/~r/weblogsinc/autoblog/~4/ckqBTrr-2Qs