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
U.S. Set To Make $8 Billion From Bailing Out Citi by David Cho Washington Post Staff Writer
Among the banks that rule Wall Street, Citigroup got a bailout that was bigger than the rest. Now the company is about to pay a king’s ransom for its federal rescue. The Obama administration is making final preparations to sell its stake in the New York bank, according to industry and federal sources. At today’s […]
In: Business Stories · Tagged with: Bailout, Banking System, Brink Of Collapse, Citigroup, David Cho, Federal Sources, Final Preparations, Financial Indust, Financial Panic, Goldman Sachs, Industry Officials, J P Morgan, J P Morgan Chase, Morgan Stanley, Nippon Telegraph And Telephone, Reuters, Treasury Department, Troubled Assets, Washington Post, Windfall
Ford’s Alan Mulally receives million dollar raise for 2009 by MARK KLEIS
Ford’s CEO, Alan Mulally, who is often credited for the automaker’s recent turnaround, received a raise of nearly six percent to a total compensation package of $17.9 million for his effort in 2009. Ford posted a $2.7 billion profit for 2009 – the first annual profit in four years. In 2009 Alan Mulally earned just […]
In: Business Stories · Tagged with: Alan Mulally, Automaker, Board Determines That, Cash Bonus, Compensation Package, Concessions, Ford Motor, Ford Motor Company, Global Basis, Kleis, Labor Unions, Media Coverage, Own Accord, Performance Stock, Product Performance, Profitability, Reuters, Share Increases, William Clay Ford, William Clay Ford Jr
