GM Executives Dumping Stock; Sending Stock Value to 76 Year Low

[Guy Incognito]

GM Executives are dumping their stock.
Six GM Executives have sold all their shares in the company, helping drive the share value to a 76 year low.

The six executives are:
* Bob Lutz, Vice Chairman
*Thomas Stephens, Vice Chairman
* Ralph Szygenda, CIO
* Troy Clarke, President
* Gary Cowger, Group Vice-President
* Carl-Peter Forster, GM Europe.

GM Execs DUMP STOCK, Stock Lowest Since 1933

_-=

[DaV8or]

Makes sense. They know better than anyone that the company is headed to bankruptcy. Soon their stock will be worth next to nothing.

[Jason M. Hendler]

Lutz no longer works for GM, so he doesn't have inside information.

[misslexi]

Keep in mind it was a total of 200,000 or shares sold, the second exec in the video sold like 20,000 or so at $1.70, he couldn't even buy a Volt with that, not after taxes.

There is something else going on here, I smell fish.

[omnimoeish]

Keep in mind it was a total of 200,000 or shares sold, the second exec in the video sold like 20,000 or so at $1.70, he couldn't even buy a Volt with that, not after taxes.

There is something else going on here, I smell fish.

What do you mean? It's been all over the news that GM is planning on giving the government 50% of the company, 39% to the UAW, and the current share holders?

100 to 1 reverse stock split.

http://www.mercurynews.com/businessh...es/ci_12302004

They might have only gotten $30,000 or something, but that's better than $300.

[misslexi]

Maybe you are right omni, I just have a hard time believing a well-paid executive is dumping his vested shares in order to monetize $30K.

I can't put my finger on it, but it just doesn't feel right to me.

[yyww2008]

maybe you are right！