While outside the offices people are still protesting against the automaker for its mishandling of the ignition switch defect that led to a 2.6 million cars recall and the death of at least 13 persons, the new CEO – Mary Barra – is getting ready for her first annual shareholder meeting.
Behind the closed doors, today the shareholders at General Motors are set to vote whether to allow new directors to come to offices and also new plans that see senior executives incentives boosted.
“We’re just trying to keep the pressure on GM,” said one of the protesters, Ken Rimer, who lost his 18-year-old stepdaughter in a Chevrolet Cobalt crash in 2006.
“We are taking responsibility for what has happened by taking steps to treat these victims and their families with compassion, decency and fairness,” said Greg Martin, a GM spokesman. “We made serious mistakes in the past and as a result we’re making significant changes in our company to ensure they never happen again.”
Barra, who was found clean by an outside investigation, ousted 15 employees after the report’s conclusion, which found “a pattern of incompetence and neglect”, though no covert conspiracy to hide the truth.
Also, Kenneth Feinberg, who led compensation funds set up after the Sept. 11 terrorist attacks and the 2010 BP oil spill, has been called by GM to oversee the creation of a victims fund, which should accept claims from August.
by Aurel Niculescu
) - Tuesday, June 10th, 2014 - filed under General Motors
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