Wednesday, May 19, 2010

Who owns GMAC?

Ownership in Corporate America used to be pretty straightforward.  No more!  General Motors Acceptance Corporations -- GMAC -- used to be owned by...ta da!...General Motors.  These days, though its owned by a diverse group.  Thanks to Uncle Sam's bailout dollars, the US Treasury owns 56% of GMAC.  Other shareholders include investment firm, Cerebus (15%), Cerebus 'co-investors' (12%), and something called GM Independent Trust (10%).

Need more information? Newspaper archives are one of the best online research tools.