You have to feel for Dan Akerson. Not only is the guy stuck parking his Chevrolet Volt at the country club next to all those 500-plus-horsepower tarmac terrors from Audi, BMW and Mercedes-Benz, but he's woefully underpaid.
So what's the General Motors Chaiman and CEO to do? Take matters into his own hands – like a boss. According to The Detroit News, Akerson bought 25,000 shares of GM stock this week, investing a cool half-a-million bucks in his own company. The move comes despite Akerson having "incurred significant paper losses" of about $1.8 million on his GM stock holdings, now reported at 272,838 shares.
A GM spokesman told the News that the latest stock purchase was a personal investment. Because the man has to get paid.
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