DETROIT: When the board of General Motors Corp next convenes, directors of the world's largest vehicle maker will face an urgent question: Should GM cut its dividend to save cash and force stock investors to share the pain of its restructuring?
GM is already under pressure from its largest individual shareholder, activist billionaire Kirk Kerkorian, to cut its US$2 annual dividend in half as part of a turnaround effort that would include shedding brands such as Saab and Hummer.
Already a subscriber? Log in.
Limited time offer:
Just RM5 per month.
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!