Dan Akerson

GM CEO Akerson buys another half million dollars in company stock

General Motors announced late last week that company Chief Executive Officer Dan Akerson has purchased another 25,000 shares of company stock – an amount worth over a half million dollars – increasing his total ownership to 272,838 shares.

When a high ranking member of the management team like Dan Akerson invests a large sum of money in a publicly traded company like General Motors, it shows that the people calling the shots believe in the future of the company. Akerson has repeatedly purchased fairly substantial chunks of GM stock with personal funds (as opposed to being awarded these shares as part of his compensation package) and this latest investment of $508,750 shows that while the stock price is low (very low, actually) – the man in charge still believes that the company has a bright future.

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Comments

That's fine. It's not like he might have any inside information...

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