Mary Barra Heads GM Stockholders Meeting
Today, Mary Barra addressed the company’s stockholders during the annual GM stockholders meeting.
“In every market, consumers have more and better automotive choices than ever before,” Barra said. “And the competition is only going to get tougher. This is a reality. Another reality is that GM is positioned to be stronger, leaner and more responsive than ever before.”
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Barra reviewed highlights from 2013, which she cited as “historic.” In addition to all the boring money things she covered, she also addressed the actual automotive highlights, which included the launch of the Silverado, the CTS, and the Stingray.
General Motors did so well financially, in fact, that the Board of Directors declared a common stock dividend back in January that was paid out in March of this year.
Barra also addressed the steps that the company is taking to address the ignition switch issue, preceding and following the Valukas report. In addressing the recalls, she also expressed her own personal sympathy.
“I know there are no words that can ease their pain and grief,” Barra said. “I have and will be guided by two clear principles: to do right thing for those that were harmed and to make sure we accept responsibility for our mistakes and commit to doing everything within our power to prevent this sort of problem from ever happening again.”
In speaking of the recall issue, Barra also touched on Kenneth Feinberg’s compensation fund for affected families.
Barra closed up the GM stockholders meeting with strong words of hope: “Today, GM is a very good company. Tomorrow, we can be a truly great company.”