Inside these posts: Dan Akerson

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Dec. 10, 2010 at 3:45 p.m.
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Filed under: Autos, Updated

GM to seek easing of executive pay restrictions

By Reuters

General Motors CEO Dan Akerson speaks at the Economic Club of Washington, Dec. 10, 2010. (AP Photo/Susan Walsh)

General Motors will seek some relaxation of executive pay restrictions imposed by the U.S. government as a condition of providing $50 billion in bailout and bankruptcy financing.

The automaker’s chief executive, Dan Akerson, told the Washington Economic Club that he would meet with the Obama administration’s acting special paymaster, Pat Geoghegan, later on Friday to discuss the matter.

“We have to be competitive and attract and retain great people. We’ve been able to do that. But we’re starting to lose them,” Akerson said. Get the full story »

Aug. 13, 2010 at 4:42 p.m.
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Filed under: Autos, IPOs

GM IPO to have 4 lead underwriters

By Reuters

General Motors Co. will have four lead underwriters on its IPO, according to a source familiar with the situation.

They will be Bank of America Corp., Citigroup Inc., JPMorgan Chase & Co. and Morgan Stanley, the source said. JPMorgan and Morgan Stanley helped the automaker prepare the paperwork for the IPO. Get the full story »