|GM CEO Dan Akerson and Rick Hendrick's 1958 Corvette|
Guess not. Rick Hendrick dropped $270,000 on a 1958 Corvette Friday at the Barrett-Jackson classic car auction in Scottsdale, Ariz., easily tops in class. But there's a little more to the story.
The car’s owner, Dan Akerson, also happens to be the CEO of General Motors. Akerson was donating all proceeds from the sale to Habitat for Humanity and a project the organization is undertaking in the Detroit area. Hendrick has a number of GM dealerships in his group and runs the lead Chevrolet Sprint Cup team in NASCAR, so he can be excused for perhaps overpaying for the ‘Vette (although in reality, probably not by much).