GM says the government's exit as a shareholder can be gradual

09/17/2010 | Wall Street Journal, The

General Motors Chairman Daniel Akerson has reversed the position of his predecessor on how quickly the Treasury Department should sell its 61% stake in the company. In his first media appearance, Akerson said GM would have no problem operating as a normal company while the government gradually sells its shares. Akerson's predecessor, Edward Whitacre Jr., wanted the government out of the company as soon as possible.

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