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GM Makes Undisclosed $600K Deal with CFO’s Wife’s Ad Agency
Breitbart ^ | 5/30/12 | Seton Motley

Posted on 05/31/2012 9:07:11 AM PDT by Nachum

The $50 billion General Motors (GM) bailout was a Democrat Crony Socialist nightmare. The Obama Administration illegally over-rewarded its union friendsand destroyed Republican-enemy auto dealers, to name but two facets of the titanic debacle.

We the Taxpayers are still out $30+ billion on the auto bailout. Meanwhile, GM is cutting even more Crony Socialist deals.

General Motors told the U.S. Securities and Exchange Commission today that it failed to report a $600,000 deal given to an ad agency where the wife of GM's chief financial officer is a partner.

In a filing GM said it had "recently learned about" a contract awarded in 2011 to an agency where CFO Dan Ammann's wife, Pernilla Ammann, is also the chief operating officer.

It’s not just the crime - it’s the cover up.

“Recently learned about?” I know GM is a big company - even after the thousands and thousands of employee firings the Obama Administration ordered as a part of the bailout bankruptcy. But seriously, someone can write a $600,000 check - to the CFO’s wife’s company - and no one else notices?

The company has a detailed policy in potential conflicts of interest which says, in part: Deals of more than $120,000 in which a top executive's spouse has a financial interest must be approved by CEO Dan Akerson and Senior Vice President and general counsel Michael Millikin.

The arrangement must then be reported to the GM board of directors' Governance Committee, which annually reviews each top executive's independence.

Either GM CEO Dan Akerson knew about the deal and he’s complicit - or he didn’t and his inmates are running the asylum.

(Excerpt) Read more at breitbart.com ...


TOPICS: Business/Economy; Crime/Corruption; Government; News/Current Events
KEYWORDS: ad; cfo; deal; gm
Government Motors meets the Chicago Way
1 posted on 05/31/2012 9:07:18 AM PDT by Nachum
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To: Jet Jaguar; NorwegianViking; ExTexasRedhead; HollyB; FromLori; EricTheRed_VocalMinority; ...

The list, Ping

Let me know if you would like to be on or off the ping list

http://www.nachumlist.com/


2 posted on 05/31/2012 9:09:05 AM PDT by Nachum (The complete Obama list at www.nachumlist.com)
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To: Nachum

let me guess...CFO Dan Ammann...Odungo appointee


3 posted on 05/31/2012 9:10:04 AM PDT by Doogle (((USAF.68-73..8th TFW Ubon Thailand..never store a threat you should have eliminated)))
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To: Nachum

The name “Pernilla Ammann” is so common they couldn’t guess it was a relative of CEO Ammann. Honestly, these government scams would make a great comedy, if the suffering taxpayer wasn’t footing the bill,


4 posted on 05/31/2012 9:15:26 AM PDT by txrefugee
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To: Nachum

Corruption, corruption, corruption.................


5 posted on 05/31/2012 9:15:43 AM PDT by Red Badger (Think logically. Act normally.................)
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To: Nachum

Someone please check how much Pernilla Ammann has donated to Obama 2012.


6 posted on 05/31/2012 9:18:07 AM PDT by Erik Latranyi (When religions have to beg the gov't for a waiver, we are already under socialism.)
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To: Erik Latranyi
What are you? Some kind of a racist?

Don't you know Obama's win in 2008 gave him Carte Blanche to do this sort of thing? < / sarcasm >

7 posted on 05/31/2012 9:29:13 AM PDT by Vigilanteman (Obama: Fake black man. Fake Messiah. Fake American. How many fakes can you fit in one Zer0?)
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To: Nachum

” “Recently learned about?” I know GM is a big company - even after the thousands and thousands of employee firings the Obama Administration ordered as a part of the bailout bankruptcy. But seriously, someone can write a $600,000 check - to the CFO’s wife’s company - and no one else notices? “

Not possible, sorry.


8 posted on 05/31/2012 9:49:52 AM PDT by stephenjohnbanker (God, family, country, mom, apple pie, the girl next door and a Ford F250 to pull my boat.)
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To: Nachum
General Motors told the U.S. Securities and Exchange Commission today that it failed to report a $600,000 deal...

[sincerity, average] Well, heck. Who's got time to count the petty cash over and over? Once a year or so ought to be good enough, eh? [/sincerity]

9 posted on 05/31/2012 10:06:50 AM PDT by Standing Wolf
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To: advertising guy

Ever hear of this shop?


10 posted on 05/31/2012 10:21:22 AM PDT by carriage_hill (All liberals & most demoncraps think that life is just a sponge bath, with a happy ending.)
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To: carriage_hill

house of cards... a shell that hires out ad talent


11 posted on 05/31/2012 10:25:55 AM PDT by advertising guy ( Slo Joe Biden " I promise you the President has a big stick, but Michelle's is bigger ")
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To: advertising guy

Did they make Ad Age’s top 1,000 shops? Haven’t seen that trade tabloid in 25yrs or more.


12 posted on 05/31/2012 10:44:42 AM PDT by carriage_hill (All liberals & most demoncraps think that life is just a sponge bath, with a happy ending.)
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