Steve Harris has a tough job in front of him as he tries to brighten General Motors' image. But if his spirits flag, he can always look at his stock options.
Harris resumed his old post as head of GM public relations last week. He replaces his former No. 2, Tom Kowaleski, who resigned. Part of the coming-aboard paperwork included filing a Securities and Exchange Commission document listing Harris' GM options.
Let's just say that with GM stock trading around $24 last week, Harris has plenty of motivation to see GM turn around. According to the filing, Harris still holds options on 107,232 shares of GM stock, exercisable at prices ranging from $40.05 to $75.50.
Harris led GM communications from 1999 through 2003, when he retired.