GM’s lagging share price under Akerson

December 10, 2013

General Motors has a new leader.¬†Reuters reports that GM’s current CEO, Daniel Akerson, will step down on January 15 and be replaced by the company’s global product development chief,¬†Mary Barra. Akerson had planned to leave the company, but this moves up his departure by several months, Reuters writes.

After being bailed out by the government in 2009, GM returned to the public markets in what was then the biggest IPO ever, raising $20.1 billion in November 2010. Since then, GM’s stock has risen, but has badly lagged the S&P 500. Here’s a Reuters chart:



No comments so far

We welcome comments that advance the story through relevant opinion, anecdotes, links and data. If you see a comment that you believe is irrelevant or inappropriate, you can flag it to our editors by using the report abuse links. Views expressed in the comments do not represent those of Reuters. For more information on our comment policy, see