Bob Lutz and Other GM Execs Dump GM Stock

GM North America President Troy Clarke and soon to be departing Vice Chairman Bob Lutz plus four other execs have sold more than 200,000 shares of GM stock.

Spokeswoman Julie Gibson says the sales don’t show a lack of faith in the company. As GM comes closer to the June 1st deadline, GM has publicly disclosed to its shareholders that they run the risk of losing their investments if GM does end up filing for bankruptcy.

Bob Lutz sold all of his 81,360 shares for a total of $130,989.60, while Troy Clarke sold his 21,380 shares for $31,001.

Full Story: Detroit Free Press