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GM Gives Details Of Contacts With Einhorn, CEO Barra's Pay

by channelnewsasia.com posted 1year ago 186 views
DETROIT: General Motors Co on Monday outlined in a regulatory filing contacts with billionaire hedge fund manager David Einhorn who went public last week with a plan to boost GM's value and announced its slate of board nominees, all of whom currently serve on the board. Einhorn, who runs hedge fund Greenlight Capital, has proposed that GM create two classes of stock, one that pays a dividend and one that does not, to boost the No. 1 U.S. carmaker's share price. GM has rejected the proposal and rating agencies have said it would negatively affect the company's credit rating....

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