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What’s a good way for a CEO to show that he supports his company? Buying stock is one way to do it, and General Motors CEO Dan Akerson has done just that.
Purchased as a personal investment, Akerson has reportedly spent nearly $1 million buying up 30,000 GM shares. Akerson paid $31.33 per share, for a total purchase of $939,000. According to The Detroit News, this move brings his total investment of General Motors stock up to an even 50,000.