FACTBOX-IPO could lead to payday for GM employees

Newswire

NEW YORK, Aug 18 (Reuters) - General Motors Co filed for an initial public offering of stock on Wednesday, clearing a key hurdle just over a year after its bankruptcy. [ID:nN18118235] While the filing could go a long way to repaying taxpayers for a controversial bailout, it has also been eagerly anticipated by the company's executives and employees, as many have taken on extra work for less pay, lost stock options in the bankruptcy, and are eagerly awaiting the return of stock-based ...

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