Loading ...GM CEO Mary Barra Sells 40% Of Stock As EV Slowdown Pauses Cadillac Lyriq, Vistiq Production
A General Motors spokesperson confirmed to the Detroit Free Press that CEO Mary Barra sold 994,863 shares last month, valued at roughly $35.4 million. The sale accounted for 40% of Barra’s personal stake in the struggling legacy automaker, which is facing a slowdown in electric vehicle sales.
Barra’s fire sale, one of her largest ever, included shares linked to performance rewards dating back to 2011, plus a wind-down of her estate-planning trust. It should be noted that these sales occurred under her 10B5-1 plan.
Since WHEN is the sale of 40% of holding by a CEO in a major company ever NOT OF CONCERN??
Your question was excellent. The answer is she will likely be gone by year end. Whether dismissed or resigning to get out ahead of it.
These people are presiding over the death of their companies. They are being paid, threatened or both to destroy, one by one, the entire internal combustion engine part of their brand. Out of the ashes will be the globalist EV that will track and trace your every move and shut you down at their will. Eventually the globalists don’t want you traveling anywhere outside the 15 minute cities of the future.
People don’t want the EVs, but in the future there won’t be any alternatives. These car manufacturers are playing the globalist long game. They won’t suffer. This is a ruse. No one wants these brands but that won’t make any difference if that is your only choice and the internal combustion engine is outlawed.