Tuesday, May 29, 2012

GM SAYS $600K IN AD AGENCY Perform 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 "correctly ratified" below the company's policy covering related-party transactions, GM mentioned right now in a regulatory filing. Not all essential procedures had been followed, according to the business, headed by CEO Dan Akerson."Effectively

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