After Jerry York failed to obtain a seat on GM's board in December, and then Kirk Kerkorian's "tax-related" sell-off of shares, one might assume that York's impassioned speech from last week was the last word on the two men's flirtation with control of the auto giant. That may not be the case.
Kerkorian is said to still have the option to file a proxy ballot by Feb. 6th, by which he could nominate one or several people to a board seat. It then becomes a question of whether he can get other large shareholders to step in behind him, which might not be that difficult now that the stock's NAIAS-related bump has all but disappeared and rumors of dividend cuts continue to swirl.
Kerkorian is said to still have the option to file a proxy ballot by Feb. 6th, by which he could nominate one or several people to a board seat. It then becomes a question of whether he can get other large shareholders to step in behind him, which might not be that difficult now that the stock's NAIAS-related bump has all but disappeared and rumors of dividend cuts continue to swirl.
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