Glass Lewis backs General Motor’s board nominees, opposes Greenlight’s proposal

by SpeedLux
Glass Lewis logo

General Motors stated on Friday proxy adviser Glass Lewis & Co LLC advised shareholders to vote GM’s board nominees and against Greenlight Capital’s proposal at the business’s yearly shareholder meeting in June.

Hedge fund manager David Einhorn’s Greenlight has been pressuring the automaker to divide its common stock into two classes to assist increase its share price.

Glass Lewis agreed with the automaker that there’s a range of risks and unpredictabilities connected with Greenlight’s strategy and that “it is speculative in nature”, GM stated.

You may also like

Leave a Comment

This site uses Akismet to reduce spam. Learn how your comment data is processed.

SpeedLux

SpeedLux is a high-authority automotive blog providing the latest automotive news and reviews. SpeedLux covers everything related to cars, bikes, and motorcycles, from news and reviews, to troubleshooting guides, tips and tricks, and more. SpeedLux was born in 2009 and we have over 20,000 articles published on our blog. We thank all our readers, as well as our partners, without whom we could not have reached this level.

Subscribe

©2009 – 2024 SpeedLux – Daily Automotive News and Reviews. All Right Reserved.

This website uses cookies to improve your experience. We'll assume you're ok with this, but you can opt-out if you wish. Accept Read More