Monday, May 28, 2012

GM SAYS $600K IN AD AGENCY Perform TIED TO CFO'S WIFE

By Automotive News - Common Motors Co. mentioned 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 final year to a GM subsidiary.The transaction was "appropriately ratified" beneath the company's policy covering associated-party transactions, GM stated right now in a regulatory filing. Not all essential procedures were followed, according to the firm, headed by CEO Dan

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