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General Motors pushing U.S. to sell stake: report
Posted By admin On September 17, 2012 @ 9:24 am In Money Watch | Comments Disabled
Market Watch 
September 17, 2012
CHICAGO (MarketWatch) — The Treasury Department is resisting General Motors’ push for the government to sell off its stake in the auto maker, The Wall Street Journal reports.
Following a $50 billion bailout in 2009, the U.S. taxpayers now own almost 27% of the company. But the newspaper said GM executives are now chafing at that, saying it hurts the company’s reputation and its ability to attract top talent due to pay restrictions.
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