It was an interesting week for General Motors Co.
First, the U.S. Treasury sold the last of its shares in the automobile manufacturer. Then it announced that Chairman and CEO Dan Akerson would retire.
After five years of maintaining an ownership stake in GM, the U.S. Treasury officially exited the last of its positions on Dec. 9. The Treasury pumped $49.5 billion into GM as it entered bankruptcy and in the end lost about $10 billion.
“The president’s leadership in responding to the financial…
It was an interesting week for General Motors Co.
First, the U.S. Treasury sold the last of its shares in the automobile manufacturer. Then it announced that Chairman and CEO Dan Akerson would retire.
After five years of maintaining an ownership stake in GM, the U.S. Treasury officially exited the last of its positions on Dec. 9. The Treasury pumped $49.5 billion into GM as it entered bankruptcy and in the end lost about $10 billion.
“The president’s leadership in responding to the financial…