Dan Akerson took $939,900 out of his own pocket and purchased 30,000 shares of GM stock.
I like it.
Akerson has admitted that he's not a 'car guy.' But my guess he's a money guy. His big bet on GM tells me he has confidence in where the company is heading with his team is in place.
If he wants to make sure his investment pays off, he needs to start by getting the Volt numbers up, make sure the new Malibu rocks, and not get in the way of the Cadillac that's being developed to compete with the BMW 3-Series, Audi A4 and Mercedes C-Class. None of which are as easy as they look.
As many previous CEOs of GM including Roger Smith proved, it takes more than financial acumen and marketing savvy to run a car company.
Ultimately it's about the product.