You have to feel for Dan Akerson. Not only is the guy stuck parking his Chevrolet Volt at the country club next to all those 500-plus-horsepower tarmac terrors from Audi, BMW and Mercedes-Benz, but he's woefully underpaid.

So what's the General Motors Chaiman and CEO to do? Take matters into his own hands – like a boss. According to The Detroit News, Akerson bought 25,000 shares of GM stock this week, investing a cool half-a-million bucks in his own company. The move comes despite Akerson having "incurred significant paper losses" of about $1.8 million on his GM stock holdings, now reported at 272,838 shares.

A GM spokesman told the News that the latest stock purchase was a personal investment. Because the man has to get paid.


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    • 1 Second Ago
  • 17 Comments
      futuramautoblog
      • 2 Years Ago
      This means the others are getting paid too much!
      Alex G
      • 2 Years Ago
      Money down the drain.
      nsxrules
      • 2 Years Ago
      Akerson is a dolt. If anyhing he's over-paid. This article makes it sound as if this imbecile was making $50K a year or something.
        L14t
        • 2 Years Ago
        @nsxrules
        The article is trying to piont out that the CEO of Ford and other automakers are paid more
          • 2 Years Ago
          @L14t
          [blocked]
          darkness
          • 2 Years Ago
          @L14t
          Ford has crippling debt so hop off the Ford bandwagon
          • 2 Years Ago
          @L14t
          [blocked]
          nsxrules
          • 2 Years Ago
          @L14t
          Mullaly deserves every cent he gets. And the reason most other CEO's get paid more is because their companies are doing better and didn't need to get bailed out by their governments.
          L14t
          • 2 Years Ago
          @L14t
          Point*
        nsxrules
        • 2 Years Ago
        @nsxrules
        Max, Japan has never assisted any of the Japanese automakers, stop spreading lies.
      imoore
      • 2 Years Ago
      "A GM spokesman told the News that the latest stock purchase was a personal investment. Because the man has to get paid." Don't believe the hype. Anyone who really understands business dealings can tell you that Akerson's preparing himself for one of the most anticipated cashouts in history. Sometime after the election (possibly by next summer) the government will unload its shares in GM. The stock will gain a significant amount of value; just enough for Akerson to cash in and make a nice sum. He's no fool, he's just investing in his financial future. Besides, everyone needs to stop worrying about the Government's involvement in GM; the era of black helicopters and jack-booted thugs are gone. The Government is not the problem; the real concern here is the UAW. They know they are in a steep freefall, and since they own a small chunk of GM shares, they are holding out until the big sale. This time, however, they will buy more GM stock, giving them a bigger voice in the company. More UAW control = more questionable products and a severly weakened, less desirable company. You can cry all you want about the government's involvement, and that's exactly what the UAW wants everyone to do - look away from the real problem (UAW). You would think with all the posts about the UAW's activities most of us would have caught on to what is happening here. You need to read between the lines.
      Justin
      • 2 Years Ago
      Woefully underpaid. HA! Please.
      Jerry
      • 2 Years Ago
      The guy made $9 million or something last year and he did not even deserve that. The sooner they show him the door the better!
      Tommy Burkart
      • 2 Years Ago
      good on you Dan. i think you're doing pretty admirably during this maelstrom
      • 2 Years Ago
      [blocked]
      Bobby_Sards
      • 2 Years Ago
      maybe if he stopped going to a pretentious country club he'd have enough cheddar to make a sandwich
      IBx27
      • 2 Years Ago
      It's only a sound investment if he plans on retiring tomorrow.
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