Kerkorian sale could turn up heat on GM's CEO - WSJ

Newswire

NEW YORK, Nov 24 (Reuters) - Billionaire investor Kirk Kerkorian's decision to sell a big chunk of his General Motors Corp. shares is likely to turn up the heat on the auto maker's chairman and chief executive, Rick Wagoner, the Wall Street Journal reported on its Web site on Friday. Kerkorian's Tracinda Corp. investment firm said on Wednesday it sold $462 million worth of GM stock, cutting its stake in the automaker to 7.4 percent from 9.9 percent. The disclosure left investors ...

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