Ban lifted: GM execs can sell their shares
Two years ago when General Motors embarked on its latest turnaround plan, the company instated a two-year stock trade ban on its top 20 executives. The group included well-known names such as Chief Executive Rick Wagoner, and Vice Chairman of Global Product Development Bob Lutz. Until today, none of them were allowed to buy or sell General Motors stock. At the time of this posting, none of the them had filed plans with the SEC to purchase or sell their holdings, but they have until May 31 to do