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It’s not unusual for a departing chief exec to maintain some involvement with the corporation he or she led, usually by holding onto or taking a position on the company’s board of directors.
That can be a bad idea. Consider GM’s Ed Whitacre.

Continue reading People@Work: When Departing CEOs Don’t Step Out of the Spotlight

People@Work: When Departing CEOs Don’t Step Out of the Spotlight originally appeared on DailyFinance on Mon, 18 Oct 2010 08:30:00.

Filed Under: Company News, Economy, Investing, General Motors, Autos

The federal government’s stake in banking-giant Citigroup presents a conflict of interest in General Motors’ pending initial public offering, the automaker said Thursday.

Continue reading GM Says Government’s Stake in Citigroup Poses Conflict in IPO

GM Says Government’s Stake in Citigroup Poses Conflict in IPO originally appeared on DailyFinance on Thu, 14 Oct 2010 16:25:00.

Filed Under: Company News, Economy, Investing, Citigroup, General Motors, Autos

The federal government’s controversial decision to step in and save General Motors from insolvency was the right thing to do, says the automaker’s new Chief Executive Daniel Akerson.

Continue reading GM CEO Says Government Bailout Was Right Thing to Do

GM CEO Says Government Bailout Was Right Thing to Do originally appeared on DailyFinance on Thu, 16 Sep 2010 11:35:00.

Filed Under: Company News, Economy, People, AT&T, General Motors, Autos

Akerson, who assumed the post Sept. 1, will also receive a portion of his salary in the form of stock, totaling $5.3 million, which will be paid out over three years beginning September 2011.

Continue reading GM’s New CEO Daniel Akerson to Get $9 Million Pay Package

GM’s New CEO Daniel Akerson to Get $9 Million Pay Package originally appeared on DailyFinance on Fri, 10 Sep 2010 17:40:00.

Filed Under: Company News, Economy, People, General Motors, Autos, Careers