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’…
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 S…
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 Say…
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 G…