GM Cuts Top Exec Pay, Dividend, Salaried Benefits

It didn’t take long for Jerry York to make an impact at General Motors Corp.

York, who represents Tracinda Corp. and billionaire owner and GM stakeholder Kirk Kerkorian, was named to the GM board of directors Monday, replacing E. Stanley O’Neal, CEO of Merrill Lynch & Co. Inc. who resigned his seat after five years of service.

Today (Feb. 7), GM outlined several new cost-cutting ...

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