It’s never a good thing if you did something to gather the attention of the Securities and Exchange Commission, which most of the time seems to deal with shady stock trades. But getting the SEC’s attention thanks to an advertising deal? General Motors managed to do just that.
The business deals with GM and Mother, an international creative marketing agency with offices all over the world, including New York, to whom GM paid $600,000 for creative web videos celebrating the 100th anniversary of Chevrolet. The strange part? The Chief Operating Officer of Mother New York is Pernilla Ammann. The last name should ring a bell.
If you hadn’t caught on, Pernilla Ammann is the wife of GM’s Chief Financial Officer Dan Ammann, whose connection to the ad firm seemed to have gone “unnoticed”. Notably, GM executives are contractually required to disclose personal ties to outside companies, which was a procedure that Ammann didn’t follow. Lastly, Mrs. Ammann would definitely have known about the dealing, considering her position at Mother.