May 26 General Motors Co said on Friday
proxy adviser Glass Lewis & Co LLC recommended shareholders to
vote for GM's board nominees and against Greenlight Capital's
proposal at the company's annual shareholder meeting in June.
Hedge fund manager David Einhorn's Greenlight has been
pressuring GM to split its common stock into two classes to help
boost its share price.
Glass Lewis agreed with the automaker that "there are a
number of risks and uncertainties associated with Greenlight's
plan and that it is speculative in nature," GM said. (bit.ly/2rYpykb)
(Reporting by Arunima Banerjee in Bengaluru; Editing by Arun