15:07:56 EDT Fri 19 Apr 2024
Enter Symbol
or Name
USA
CA



General Motors Company
Symbol GMM
Shares Issued 1,510,679,832
Close 2017-05-29 U$ 33.00
Market Cap U$ 49,852,434,456
Recent Sedar Documents

Globe/AP say GM rival Ford's ex-CEO in line for $51M

2017-05-29 06:45 ET - In the News

The Globe and Mail reports in its Saturday, May 27, edition that General Motors' rival Ford Motor's former chief executive officer Mark Fields is leaving the company with an estimated $51.1-million in cash, stock awards and pension benefits (all figures U.S.). An Associated Press dispatch to The Globe reports that Mr. Fields, 56, retired earlier this week after three years as CEO. Ford made record profit during Mr. Fields's tenure, but its stock price dropped nearly 40 per cent on investors' concerns about the company's future. Mr. Fields will be eligible for $22.1-million in stock awards that are continuing to vest and an estimated $17.5-million in pension benefits. He could earn a $3.6-million bonus, but not if he is hired by a competitor. Mr. Fields has $7.9-million in vested stock options, but other stock options currently have no value because Ford's stock price has sunk so low.

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