David Einhorn was just dealt a blow in his battle to shake up GM (GM)

May 27 2017 by Business Insider

 

Greenlight Capital's David Einhorn has been waging a battle ahead of General Motors' annual shareholder meeting to split the company's stock into two classes.

The hedge funder, who controls over 3% of GM in total, wants dividend-paying shares and "capital appreciation" shares that could capture GM's growth and deliver a return to shareholders superior to what the markets have since the carmaker's 2010 post-bankruptcy IPO.

GM has underperformed the markets over this period and is currently...

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