Does GM Have Any Responsibility To The Taxpayer To Raise Stock Prices?

The U.S. Treasury Department boosted its estimate of government losses in the $85 billion auto bailout by $170 million.

In the government's latest report to Congress this month, the Treasury upped its estimate to $23.77 billion, up from $23.6 billion.

Last fall, the government dramatically boosted its forecast of losses on the rescues of General Motors Co., Chrysler Group LLC and their finance units from $14 billion to $23.6 billion.

Much of the increase in losses is due to the sharp decline of GM's stock price over the last six months.

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Joe_Limon - 2/1/2012 11:43:07 AM

+3 Boost

Companies don't have a direct control of stock prices.

Joe_Limon - 2/1/2012 6:15:52 PM

-1 Boost

lol, you don't understand what direct control is. Does a student have direct control over their marks? No, the teacher does lol.

thetruth01 - 2/1/2012 2:39:25 PM

+2 Boost

They just need to hold on to the stock and not go for the quick sell to get out of it. At this point there is no political gain to selling, so keep it for a couple years until the marktet comes back more, or until GM figures out how to deal with Opel, the biggest drain on its bottom line.

AdmiralT20 - 2/2/2012 12:54:43 AM

+2 Boost

Typical post by someone that lacks critical understanding.
Companies have no direct control on the price of stocks.

wins555 - 2/2/2012 1:31:27 AM

+2 Boost

If GM concentrates on making their books "look" nice which will probably translate to better stock price, then it is headed down the path like the old GM.