- Reuters•26 minutes ago
Hedge fund manager David Einhorn's unusual plan to divide General Motors Co's (GM.N) shares into two classes poses a potential corporate governance minefield for GM board members. The shareholder proposal, quickly rejected by the company this week, is aimed at boosting a lagging stock price, but did not appear to catch fire with other existing or prospective shareholders, who see it as an odd mix of hybrid security schemes. The plan would create one class of stock for investors keen to capture GM's juicy dividend, and a second for those eager to bet on its growth potential.
- Investopedia•38 minutes ago
Hedge fund manager David Einhorn's unusual plan to divide General Motors Co's shares into two classes poses a potential corporate governance minefield for GM board members.
GM : Summary for General Motors Company Common S - Yahoo Finance
General Motors Company (GM)
NYSE - NYSE Real Time Price. Currency in USD
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|Day's Range||35.31 - 35.79|
|52 Week Range||27.34 - 38.55|
Trade prices are not sourced from all markets
|PE Ratio (TTM)||5.91|
|Dividend & Yield||1.52 (4.27%)|
|1y Target Est||N/A|