On Tuesday morning, June 12, GM held its annual shareholders meeting at its headquarters in the Renaissance Center, hard by the Detroit River. CEO Dan Akerson, who is continually flummoxed by the zero progress the company is making in terms of increasing the share price of its stock – even though the company is making money and executives are working overtime to make it all better – or trying to anyway, can barely contain his frustration.
Why? Things aren’t moving fast enough, and Akerson knows it. And given how the company was freed from massive amounts of debt courtesy of the bankruptcy, GM should be doing better than the $10 billion a year in profits that it is currently delivering.
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