Who Holds GM

Last week some figures appeared about General Motors stock ownership, were promptly denied by the company. It was true, said the company, that they have 285,615 shareholders; one in three is a woman; 44% own ten shares or less; they live in more than 70 different countries. But the published holdings of officers and directors were inaccurate. Nevertheless the report came from an authoritative source, made impressive reading.

Executives and directors were listed for 1,823,682 shares of the company's stock, or 4.1% in their own names. Some of the holdings:*

Preferred Common

Chairman of the Board

Lammot du Pont 34,250

President

Alfred Pritchard Sloan Jr. . . 160,000

Vice Presidents

Charles T. Fisher 139,250

Fred J. Fisher 4,000

William A. Fisher

Lawrence P. Fisher 83,750

R. H. Grant 77 580

Charles F. Kettering 22 2,958

James D. Mooney 100 1,089

Charles S. Mott 649,518

Directors not included above

George Fisher

Baker Jr. 175,000

Henry F. du Pont 453 92,125

Irenee S. du Pont 200

Pierre S. du Pont 10,025 73,513

Louis G. Kaufman 64.935

Seward Prosser 15,585

John Jacob Raskob 22,567

Owen D. Young 98

In addition to these shares, many officers have holdings in General Motors Securities Co., owner of about 13,000,000 GM shares. Securities stock is exchangeable share for share for GM stock.

Charles Stewart Mott leads all others by a margin so great as to stir the imagination. At the current market his 649,518 shares would be worth over $23,000,000, a vast sum for one man to have in one enterprise. Next in line come George Fisher Baker Jr. with over $6,000,000 worth of stock and Alfred Pritchard Sloan Jr. with $5,700,000. In most companies any man who owned over half a million shares of voting stock could be pointed out as a controlling factor, but not so in General Motors. The company has 43,500,000 common shares outstanding; Mr. Mott's staggering block represents only about 1 1/2% of the total.

* In some cases holdings might be larger; an executive might have a personal investment company in which to carry his GM shares. In other cases the holdings might be smaller, for sometimes an officer of a company wants to sell his stock, thinks it unwise to get his name off the list, therefore quietly takes a short position against his holdings.

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