GM CEO apologizes for stock price

By Shock Exchange:By Ralph Baker, executive director of the New York Shock Exchange

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DETROIT — When General Motors shareholders complained at their annual meeting about the company’s languishing stock price and the lack of a dividend, CEO Dan Akerson had answers for most of their questions.

When General Motors shareholders complained at the annual meeting about the company's languishing stock price and the lack of a dividend, CEO Dan Akerson had answers for most of their questions.

PALM BEACH, Florida (Reuters) - The boss of General Motors Co said on Monday the automaker's most senior woman executive is one of his potential successors, adding that women deal with change better than men and GM still has a lot of changes to make since its 2009 bankruptcy and $50 billion government bailout. GM Chief Executive Dan Akerson also said he did not know whether taxpayers would get their money back, though the automaker is generating record profits. Akerson said it was critical for the world's largest automaker to boost the ranks of its top female executives. ...