GM’s Whitacre wants banks to sell Cadillacs and Corvettes, not just IPO shares

According to a two-page document obtained by Bloomberg, when General Motors Co. approached banks last May to seek proposals to manage its initial public offering, it also asked for help in selling Cadillacs and Corvettes.

CEO Ed Whitacre asked banks to consider using a portion of the underwriting fees to subsidize the purchase of GM cars by their employees. Whitacre sought to take advantage of banks and get concessions while banks elbowed each other out to be able to participate in what very well could be the second-biggest IPO in US history.
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1BAD67C10 - 7/16/2010 11:16:01 AM

+1 Boost

Mr Whitacre has done a good job so far im proud to work for chevy god bless the USA

uaw_lax - 7/16/2010 12:48:40 PM

+1 Boost

Ditto!!!

BigShow50 - 7/16/2010 4:47:37 PM

-1 Boost

Hey guys, look at the top 2 comments...(Lenny(UAW_ExLax) & George(1BAD67C10 assuming a tatoo bar code on the back of your neck?) of Mice & Men)...c'mon guys really? Acutally I just got the ticker...Whitacre is your long lost daddy! Ahh no wonder! Carry on then! But we need some sort of substance/facts to your future comments(about cars or other peoples comments.) Thanks! LMFAO!!!

Joe_Limon - 7/16/2010 5:57:11 PM

+1 Boost

wtf?

1BAD67C10 - 7/16/2010 5:42:28 PM

+1 Boost

BIGSHOW GO POUND SAND

BigShow50 - 7/16/2010 11:46:44 PM

0 Boost

LMFAO!...Really?...Go Pound Sand?!?!?...Really 1BAD? In that case what time do you want your girlfriend and wife back? Hey J_LT(Joe_Lemon Tits), your response sounds like you crap your pants again?!?...let me help ya'. The ladies' room is right where you are standing or sitting. Do what you gotta' do! It's all good! C'mon kids, One Love to all Automotive brands!!! And remember substance in a repsonse to a topic. Cheers & Peace!...LMFAO!

1BAD67C10 - 7/17/2010 9:57:51 AM

+3 Boost

theres only one auto line and thats gm to me and post your stupid comments some were else no need to take it up your shorts and cry and the wife joke your maybee 3 going on 4 your not worth talking crap back go post else were