According to WSJ reporter Matt Phillips, Vice Chairman Bob Lutz was the biggest seller shedding more than 81,000 shares netting nearly $131,000. Putting that in perspective, Lutz' shares were worth about $1.7 million a year ago.
Automotive news, reviews and commentary from an average consumer's point of view.
Tuesday, May 12, 2009
News: Several Top GM Executives Dump Stock
The Wall Street Journal reports six top General Motors executives have liquidated their stock holdings in the struggling company. GM stock is down sharply on the New York Stock Exchange, quickly approaching $1 a share. GM stock hasn't been this low since the early 1930's according to CNBC.
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