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Previous Post General Motors and Chrysler Group LLC, which each received government bailouts, are poised to give salaried workers bonuses of as much as 50 percent of their base pay, Bloomberg reports . GM is planning to give bonuses to about 26,000 U.
Investors could profit when General Motors starts selling shares to the public Thursday. But U.S. taxpayers, who are the majority shareholders in the automaker, may have a tough time breaking even. Demand for GM's initial public offering had been so
It will take a couple of years for taxpayers to get back the billions they spent bailing out General Motors, but the company has a goal of returning the money, GM's new CEO said Thursday. CEO Daniel Akerson told reporters that
General Motors' new CEO says it's likely to take a couple of years for U.S. taxpayers to get their bailout money back. Daniel Akerson, who took over as CEO on Sept. 1, told reporters in Detroit on Thursday that GM has a goal of repaying all the money,
General Motors Corp. could file for its public stock offering as soon as Friday, one day after the company is expected to report improved quarterly profits.The long-awaited filing would mark the biggest step yet for GM in its efforts to shed