Archive for the ‘Business Stories’ Category
TAXPAYERS FACE LOSSES ON GM’S INITIAL PUBLIC OFFERING
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 […]
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
FRITZ HENDERSON NAMED CEO OF ENERGY SPIN-OFF
By Drew Johnson Former General Motors CEO Fritz Henderson has finally found himself a new job, landing the position of CEO at Sunoco spin-off SunCoke Energy. SunCoke is expected to be separated from Sunoco sometime during the first half of next year. Until SunCoke is spun-off from Sunoco, Henderson will serve as the company’s senior vice president. […]
In: Business Stories · Tagged with: Bankruptcy Proceedings, Company Source, Drew Johnson, Ed Whitacre, Exec Ed, Financial Expertise, Fritz, General Motors, Global Experience, Global Growth Strategy, Hoops, Independent Company, New Job, Recycling Company, Reins, Rick Wagoner, Salary Information, Senior Vice President, Suncoke, Sunoco
GM’S GIRSKY PAID $1.4M IN ATTEMPT TO SAVE SATURN
By Mark Kleis According to recently revealed documents as a result of General Motors’ IPO filing with the SEC, it has been confirmed that Stephen Girsky was compensated $1.4 million for consulting work aimed at saving the Saturn brand. Prior to joining GM as a member of the adviser board, analyst Stephen Girsky was approached by the […]
In: Business Stories · Tagged with: 1 Million, 4m, 5 Million, Adviser, Automaker, Automotive News, Bankruptcy Proceedings, Base Salary, Board Member, Full Time, General Motors, Gm, Insight, Ipo Filing, Kleis, Options, Salary Information, Saturn, Stephen Girsky, Stock
