Monday, May 28, 2012
GM SAYS $600K IN AD AGENCY Operate TIED TO CFO'S WIFE
By Automotive News - General Motors Co. mentioned Pernilla Ammann, the wife of Chief Monetary Officer Dan Ammann, is an officer and a partner in an advertising agency that received about $ 600,000 for services last year to a GM subsidiary.The transaction was "properly ratified" below the company's policy covering related-party transactions, GM mentioned today in a regulatory filing. Not all needed procedures were followed, according to the organization, headed by CEO Dan Akerson."Properly
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