Highlights GM’s Misleading Statements about Greenlight’s Plan to Unlock Substantial Value
Greenlight’s Director nominees are:
Leo Hindery, Jr.: Managing Partner of InterMedia Partners, and former Chief Executive Officer of Tele-Communications, Inc.(TCI), Liberty Media and AT&T Broadband.
Vinit Sethi: Partner and Director of Research at Greenlight.
William N. Thorndike, Jr.: Founder and Managing Director of Housatonic Partners, a private equity investment firm; Chairman of CONSOL Energy; author of the critically acclaimed book “The Outsiders: Eight Unconventional CEOs and Their Radically Rational Blueprint for Success.”
Greenlight’s Plan was specifically designed not to change GM’s business strategy, capital allocation priorities or financial policy. However, Greenlight believes that
As part of its effort,
“GM is ignoring the significant value unlocked by our Plan, and has concocted a ratings issue by presenting a one-sided and flawed analysis to the rating agencies,” stated Director nominee
Greenlight repeats its request that
A presentation regarding the Plan’s strategic merits and rationale is available for download at www.greenlightcapital.com.
Full bios of Greenlight’s director nominees are below:
A member of the
He is the author of “The Outsiders: Eight Unconventional CEOs and Their Radically Rational Blueprint for Success” (
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