General Motors executive vice president of product development Mark Reuss made $2.5 million in a single day last week.
According to a filing with the Securities and Exchange Commission (SEC), Reuss sold 75,000 shares of GM shares on May 3rd, 2017 at an average price of $33.35. The sale netted the engineer-turned-executive a grand total of $2,501,250.
The GM Authority Take
Though it took Reuss a life-long career at GM to be able to attain that many shares, we’re sure making $2.5 million in a single day ain’t so bad. That said, it would have been more if investors had GM’s share price been higher, an ongoing problem that GM CEO Mary Barra and President Dan Ammann have been working to resolve for years.