Tuesday, May 29, 2012
GM SAYS $600K IN AD AGENCY Function TIED TO CFO'S WIFE
By Automotive News - Common Motors Co. stated Pernilla Ammann, the wife of Chief Monetary Officer Dan Ammann, is an officer and a partner in an marketing agency that received about $ 600,000 for services last year to a GM subsidiary.The transaction was "effectively ratified" beneath the company's policy covering related-party transactions, GM stated today in a regulatory filing. Not all required procedures had been followed, according to the company, headed by CEO Dan Akerson."Appropriately
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