This week, General Motors has revealed more information regarding the upcoming IPO rumored to take place later this month. The announcement coincides with third quarter net income expectations of roughly $2 billion dollars, which is their largest quarterly amount since 1983. The GM IPO could mark one of the biggest in history and is expected [...]
In: Business Stories · Tagged with: Billion Dollars, Federal Government, General Motors, Gm, Income Expectations, Net Income, Quarter Profit, Salary Information, Share Price, Stake, Upcoming Ipo
GM’s new CEO Dan Akerson’s compensation package for the next 3 years has just been filed with the SEC. It outlines a total of $9 million dollars to be paid through a combination of salary and stock options.
Mr. Akerson is replacing Ed Whitacre who has led General Motors through bankruptcy and the subsequent bailout from [...]
In: Business Stories · Tagged with: 3 Years, Advisory Roles, Bailout, Bankruptcy, Ceo Compensation, Ceo Pay, Compensation Package, Compensation Plan, Compensation Schedule, Ed Whitacre, Employment, Executive Compensation, General Motors, Gm, Kleis, Million Dollars, Paperwork, Remainder, Salary Information, Securities And Exchange, Securities And Exchange Commission, Stock Options, Stock Worth, Term Stock, Wallstreet Journal
By Mark Kleis
Several sources familiar with the preparations of General Motors’ upcoming initial public offering are, according to the latest projections, suggesting that American taxpayers could take a loss on the offering, potentially pushing off payback for years.
The U.S. taxpayers currently lay claim to a 61 percent ownership stake in GM, meaning taxpayers would need [...]
In: Business Stories · Tagged with: American Taxpayers, Automaker, Economic Uncertainty, General Motors, Gm, Incentives, Initial Public Offering, Ipo, Likelihood, Market Valuation, November 2nd, Ownership Stake, Payback, Reuters, Roadshow, S Market, Salary Information, Selling Shares, Target Value, Wall Street