GM CEO Won't Guarantee Stock Sales Will Repay Bailout Cash

GM CEO Won't Guarantee Stock Sales Will Repay Bailout Cash

Something a little more important than the newest Chevy went on sale at GM today — new shares of the company hit the market at $35 this morning and appeared by lunchtime to be doing a healthy business. And while today’s IPO will likely put a sizable dent in the company’s debt, CEO Dan Akerson isn’t as eager as his predecessor to make promises that future stock sales will guarantee taxpayers are repaid in full. [More]