GM vice chairman calls Kerkorian value investor

Newswire

By Ben Klayman MILFORD, Mich., Sept 29 (Reuters) - Billionaire investor Kirk Kerkorian, who has a 9.5 percent stake in General Motors Corp. , is not the rapacious raider the media portrays him as, the automaker's vice chairman said on Thursday. "Absolutely, he smells turnarounds," Robert Lutz told reporters at a GM event here in response to a question about whether Kerkorian was a value investor rather than a corporate raider. "We are seeing so far ... none of the behavior that the ...

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