General Discussion

lumberjack_jeff

(33,224 posts)

35. Dan Ackerson

Wed Feb 5, 2014, 01:33 PM

Feb 2014

In July 2009, Akerson was named to the board of directors of General Motors as a representative of the U.S. Treasury, which owns a 61% stake in GM.[11] On August 12, 2010 it was announced that Akerson would be the successor of Ed Whitacre as CEO of General Motors, starting September 1, 2010 and would also assume the Chairman of the Board position on January 1, 2011. General Motors, during Akerson's first year of tenure in 2011, earned a record $7.6 billion in profit off of $150.3 billion in sales.

http://en.wikipedia.org/wiki/Daniel_Akerson

The guy who saved GM deserves some props. Were it not for him, the company wouldn't have survived long enough to appoint a female successor.

Edit history

Please sign in to view edit histories.

Recommendations

0 members have recommended this reply (displayed in chronological order):

77 replies

= new reply since forum marked as read

Highlight:

GM�s First Female CEO Will Make Half Of What Her Predecessor Made [View all] geardaddy Feb 2014 OP

This message was self-deleted by its author El_Johns Feb 2014 #1

Poor thing. n/t lumberjack_jeff Feb 2014 #2

somebody isn't good at math and doesn't understand stock options snooper2 Feb 2014 #3

DING DING DING DING joeglow3 Feb 2014 #37

Did you see the word "options" in the story too? merrily Feb 2014 #63

Performance comp. stock based comp. all the same joeglow3 Feb 2014 #70

It was a simple question, merrily Feb 2014 #73

Sorry for the bluntness joeglow3 Feb 2014 #75

Thank you for the apology--very rare on message board-- and I accept gratefully. merrily Feb 2014 #76

I did not see the word "options" in the story. merrily Feb 2014 #62

He did not get options. He got shares of stock outright, except for a restriction on how merrily Feb 2014 #74

I don't feel bad for people HappyMe Feb 2014 #4

Yes but I can imagine the conversation that went along with the decision justiceischeap Feb 2014 #5

The money she isn't getting sure HappyMe Feb 2014 #6

No doubt. However, when it is in fact, regarded by gender LanternWaste Feb 2014 #9

I am all about the equal pay HappyMe Feb 2014 #10

Considering that 5 of the 14 board of directors for GM are women, I can't imagine that conversation. yawnmaster Feb 2014 #50

Aren't we suppose to Applaud CEO's taking pay cuts. Heather MC Feb 2014 #36

I don't feel bad for the $1,000,000 or more a year club, either, but merrily Feb 2014 #64

The outgoing guy also served as HappyMe Feb 2014 #72

Too bad it takes promoting a woman to CEO TexasProgresive Feb 2014 #7

Where I Was Going ProfessorGAC Feb 2014 #15

GAC!!! hfojvt Feb 2014 #27

Oh dear... DURHAM D Feb 2014 #8

I think that is what has already happened. I know quite a few places that favor hiring women bettyellen Feb 2014 #14

That, of course, is one of the more rational reasons men don't want to compete Nay Feb 2014 #52

Sooo...Yeah! and Booo! progressoid Feb 2014 #11

Only $4.4 million per year, Progressive dog Feb 2014 #12

Agreed. geardaddy Feb 2014 #13

Cry me a river Dopers_Greed Feb 2014 #16

She's still over paid. Period. I'm trying to weep for her but I can't even get a tear out. Halleluah marble falls Feb 2014 #17

Agreed. She's overpaid. geardaddy Feb 2014 #18

Don't weep for her. Weep for women to whom the same kind of thing merrily Feb 2014 #65

These are who I am much much more worked up over: underpaid women without a living wage. marble falls Feb 2014 #66

Ain't it the truth. Many of them head of households, too. merrily Feb 2014 #67

I bet that a single woman is more likely to be supporting a family than a single man. marble falls Feb 2014 #69

hard to believe hfojvt Feb 2014 #19

anything over my current pay would be an improvement. Javaman Feb 2014 #20

Don't care about her gender marions ghost Feb 2014 #21

Not entirely accurate. former9thward Feb 2014 #22

This is correct mythology Feb 2014 #68

One of the BONEHEAD moves the prior CEO did was sell the Electro-Motive Division... Spitfire of ATJ Feb 2014 #23

That was an incredibly boneheaded move. geardaddy Feb 2014 #25

It was a few CEOs earlier than his immediate predecessor. tammywammy Feb 2014 #29

I'm not surprised there was more than one idiot. Spitfire of ATJ Feb 2014 #30

Dan Ackerson lumberjack_jeff Feb 2014 #35

And that business model of not representing shareholders caused a meltdown on the Right.... Spitfire of ATJ Feb 2014 #46

My engineer brother worked for GM LittleGirl Feb 2014 #43

I keep being reminded of this... Spitfire of ATJ Feb 2014 #44

Love MM LittleGirl Feb 2014 #48

A lot more than Ed Schultz. Spitfire of ATJ Feb 2014 #51

I wonder if the responses would be the same if we were talking about the Sheldon Cooper Feb 2014 #24

I would react the same. HappyMe Feb 2014 #26

Wait until male executives start getting paid less because of lower female exec salaries. Starry Messenger Feb 2014 #40

I'm outraged Glassunion Feb 2014 #28

Much Ado About Nothing erpowers Feb 2014 #31

Well, you never know when she'll get pregnant and leave. valerief Feb 2014 #32

I'm torn on this. Vashta Nerada Feb 2014 #33

what this is, is a window into what all women face everywhere. BlancheSplanchnik Feb 2014 #34

Wouldn't that be wonderful. I hope she does this very thing - Tuesday Afternoon Feb 2014 #38

She is actually going to make more money than the last CEO snooper2 Feb 2014 #39

I'll need you to break it down for me, then. BlancheSplanchnik Feb 2014 #41

+1000 geardaddy Feb 2014 #42

+1000 JDPriestly Feb 2014 #47

yes. I wouldn't want to be looking for work as an older woman.... BlancheSplanchnik Feb 2014 #57

You are so right. JDPriestly Feb 2014 #59

Equal pay for equal work? JDPriestly Feb 2014 #45

Barra is only CEO, Akerson was CEO and Chairman tammywammy Feb 2014 #49

Daniel Akerson was installed by the Treasury/Obama administration, recruited from the Carlyle group. Romulox Feb 2014 #53

This is so wrong in so many ways...I don't know if I would accept the position at all with that Drew Richards Feb 2014 #54

Maybe because there's more to it than that. tammywammy Feb 2014 #55

sound logic we should wait and see...(rant) its too much anyway dammit...plutarchs! (snark) Drew Richards Feb 2014 #56

Gee bucolic_frolic Feb 2014 #58

How is reducing CEO salaries a bad thing? tinrobot Feb 2014 #60

"...$4.68 million as an outside senior adviser. " pangaia Feb 2014 #61

Did she ask for it to be less? 47of74 Feb 2014 #71

THIS! is what feminism is all about. nt Romulox Feb 2014 #77