Accounting News Roundup: GM – Back in the Game; Film Credits Get No Love; FASB Parent Names CEO | 11.18.10
GM Is Low-Key About Return to Stock Market [WSJ]
General Motors Co., though eager to shed the “government motors” stigma, will take a low-key approach to touting its return to the public markets.
GM’s $18.1 billion IPO is its biggest step yet away from being owned by the U.S. government, which rescued the auto maker and became its largest shareholder with last year’s government bailout. The offering will reduce U.S. Treasury’s stake from 61% to around 26%.
The Bipartisan Policy Center’s Bold, Controversial Stab at the Deficit and Tax Reform [