Dan Akerson, CEO of General Motors Buys 10,000 GM Shares

Harry Lay
by Harry Lay
General Motors CEO Dan Akerson talks about his experience as a U.S. Naval Academy graduate with students at Spain Elementary-Middle School in Detroit, Michigan Friday, October 29, 2010. Akerson announced a donation of $10,000 from his personal family foundation, to the Detroit Public Schools Foundation, for athletic programs. Members of the boxing teams from the…

Yesterday, the CEO of General Motors, Dan Akerson purchased $250,500 in shares of the automaker, buying 10,000 shares at $25.05.

As of yesterday, Akerson owns 103,600 shares in the company. This last week has seen the worst stock market decline since 2008, with the crash has wiping out more than $6.7 billion from the value of the stock held by the U.S Treasury Department.

GM shares fell $1.62, or 6.34 percent, closing at $23.92 in the NYSE yesterday.The US Treasury holds 500 million shares of GM. At its peak, the stocks were worth $19.5 billion on January 7, closing at $38.98 per share. Today, the Treasury’s holdings are worth $11.96 billion.

[Source: Automotive News]

Harry Lay
Harry Lay

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