Top GM exec says federal pay limits hurt company
Dan Akerson
GM CEO Dan Akerson said in a speech to the Economic Club of Washington  D.C.  that the company faces many challenges  including the retention of top talent in its executive ranks. He said he was meeting later in the day with federal officials who oversee executive pay for companies that received bailouts.
the retention of top talent in its executive ranks. He said he was meeting later in the day with federal officials who oversee executive pay for companies that received bailouts.
 "We have to be competitive. We have to be able to attract and retain great people " Akerson said  adding  "We've been able to retain them but we're starting to lose them and I think that's an issue for our owners to recognize."
 Akerson also said GM was well-positioned to take advantage of growth markets in China and India.
 He said GM learned a lesson in humility from its bankruptcy but it was well-positioned to return to sustained profitability while reducing its debt and large pension obligations.
[TGT] said in a speech to the Economic Club of Washington  D.C.  that [TGT] faces many challenges  including the retention of top talent in [TGT] executive ranks. [TGT] said [TGT] was meeting later in the day with federal officials who oversee executive pay for companies that received bailouts.
the retention of top talent in its executive ranks. [TGT] said [TGT] was meeting later in the day with federal officials who oversee executive pay for companies that received bailouts.
 "We have to be competitive. We have to be able to attract and retain great people [TGT] said  adding  "We've been able to retain them but we're starting to lose them and I think that's an issue for our owners to recognize.[TGT] also said GM was well-positioned to take advantage of growth markets in China and India.
 [TGT] said GM learned a lesson in humility from its bankruptcy but it was well-positioned to return to sustained profitability while reducing its debt and large pension obligations.