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
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
BILL FORD RETROACTIVELY PAID FOR WORK AS CHAIRMAN
By Mark Kleis Ford Motor Company’s executive chairman, Bill Ford Jr., vowed five years ago not to take any payment from the automaker that bears his name until the company’s automotive sector achieved a full year of profitability without the aid of special items. Following five consecutive quarters of profitable growth, Bill Ford Jr. will finally end his […]
In: Business Stories · Tagged with: Automaker, Bill Ford, Chairman Bill, Consecutive Quarters, E Mail, Executive Chairman, Ford Employees, Ford Motor, Ford Motor Company, Ford Stock, Fund Source, Kleis, Personal Loans, Profitability, Profitable Growth, S Automotive, Salary Information, Scholarship Fund, Stock Ford, Stock Options
