FYI: General Motors Co shareholders on Tuesday overwhelmingly rejected proposals by hedge fund Greenlight Capital to restructure the company's stock and reshape its board, backing Chief Executive Mary Barra's efforts to rev up the company's stalled share price.
Fending off the challenge from Greenlight founder David Einhorn does not mean the end of Barra's battles. GM shares traded on Tuesday at $34.25, about 16 percent lower than when Barra became CEO, despite robust profits and a series of moves to sell or shut down money losing operations.
Regards,
Ted
http://www.reuters.com/article/gm-greenlight-idUSL1N1J30LH
