General Ovations for Liddell
General Motors CEO Dan Ackerson and Vice-Chairman and CFO Chris Liddell (center, at the New York Stock Exchange listing) received standing ovations from the trading floors of JP Morgan and Morgan Stanley to cap off the largest ever Initial Public Offering in financial history, the $23.1 billion refloating of GM after years of decline. The US Government received US$23.1 billion for a partial selldown of its original 61% stake. During the IPO process Liddell and teams presented to over 1 investor meetings worldwide and to US and Canadian government and union shareholders. During the GM reorganization GM sold or closed four brands to focus on Cadillac, Chevrolet, Buick, and GMC. Originally from Matamata, Auckland and Oxford University graduate Liddell was CEO of Carter Holt Harvey and CFO of Microsoft.