While recent General Motors headlines portray the company’s struggles to gain traction in Europe and the shakeup in its marketing department, Chief Executive Officer Dan Akerson appears to hold onto rock-steady confidence, purchasing another 25,000 shares of GM stock (or $508,750, according to a U.S. Securities and Exchange Commission filing) on the belief that its trading price remains undervalued. Currently, Akerson possesses 272,828 shares of GM stock.
At the same time, he showed signs of disapproval and frustration with the company’s infamous bureaucracy during a recent conference call.
“You shouldn’t stand around waiting for somebody to tell you where we’re going to go,” Akerson said. “We’ve got to get this company and the culture into the 21st Century.”
With the recent restructuring of the company’s entire product development department, it seems that proper measures are being taken, albeit slowly.