{"page":"\u003clink rel=\"stylesheet\" href=\"https://lessonplanet.com/assets/packs/css/resources-c03aa079.css\" /\u003e\n\u003clink rel=\"stylesheet\" href=\"https://lessonplanet.com/assets/packs/css/lp_boclips_stylesheets-517835be.css\" media=\"all\" /\u003e\n\u003cdiv data-title='GM CEO: Stock Split Not In Shareholder Interest' data-url='/boclips/videos/5c54d485d8eafeecae1f3522' data-video-url='/boclips/videos/5c54d485d8eafeecae1f3522' id='bo_player_modal'\u003e\n\u003cdiv class='boclips-resource-page modal-dialog panel-container'\u003e\n\u003cdiv class='react-notifications-root'\u003e\u003c/div\u003e\n\u003cdiv class='rp-header'\u003e\n\u003cdiv class='rp-type'\u003e\n\u003ci aria-hidden='true' class='fai fa-regular fa-circle-play'\u003e\u003c/i\u003e\nVideo\n\u003c/div\u003e\n\u003ch1 class='rp-title' id='video-title'\u003e\nGM CEO: Stock Split Not In Shareholder Interest\n\u003c/h1\u003e\n\u003cdiv class='rp-actions'\u003e\n\u003cdiv class='mr-1'\u003e\n\u003ca class=\"btn btn-success\" data-posthog-event=\"Signup: LP Signup Activity\" data-posthog-location=\"body_link_boclips\" data-remote=\"true\" href=\"/subscription/new\"\u003e\u003cspan\u003e\u003cspan\u003eGet Free Access\u003c/span\u003e\u003cspan class=\"\"\u003e for 10 Days\u003c/span\u003e\u003cspan\u003e!\u003c/span\u003e\u003c/span\u003e\u003c/a\u003e\n\u003c/div\u003e\n\u003c/div\u003e\n\u003c/div\u003e\n\u003cdiv class='rp-body'\u003e\n\u003cdiv class='rp-info'\u003e\n\u003cdiv aria-label='Hide resource details' class='rp-hide-info' role='button' tabindex='0'\u003e\u0026times;\u003c/div\u003e\n\u003ci aria-label='Expand resource details' class='rp-expand-info fai fa-solid fa-up-right-and-down-left-from-center' role='button' tabindex='0'\u003e\u003c/i\u003e\n\u003ci aria-label='Compress resource details' class='rp-compress-info fai fa-solid fa-down-left-and-up-right-to-center' role='button' tabindex='0'\u003e\u003c/i\u003e\n\u003cdiv class='rp-rating'\u003e\n\u003cspan class='resource-pool'\u003e\n\u003cspan class='pool-label'\u003ePublisher:\u003c/span\u003e\n\u003cspan class='pool-name'\u003e\n\u003cspan class='text'\u003e\u003ca data-publisher-id=\"30356011\" href=\"/search?publisher_ids%5B%5D=30356011\"\u003eCurated Video\u003c/a\u003e\u003c/span\u003e\n\u003c/span\u003e\n\u003c/span\u003e\n\u003c/div\u003e\n\u003cdiv class='rp-description'\u003e\n\u003cspan class='short-description'\u003eGeneral Motors shareholders have overwhelmingly turned down an activist shareholder's plan to split the company's stock into two classes. Only about nine percent of the stockholders voted for the plan from David Einhorn's Greenlight...\u003c/span\u003e\n\u003cspan class='full-description hide'\u003eGeneral Motors shareholders have overwhelmingly turned down an activist shareholder's plan to split the company's stock into two classes. Only about nine percent of the stockholders voted for the plan from David Einhorn's Greenlight Capital hedge fund in a preliminary vote count on Tuesday.All 11 GM directors also were re-elected, with shareholders rejecting the three candidates backed by Greenlight. Einhorn proposed splitting the stock into capital appreciation and dividend classes. He says the plan would unlock the stock's value. Despite making 42 billion dollars since 2010, GM shares have appreciated only about five percent. CEO Mary Barra says the company will promote cost cuts, quarterly earnings and technology breakthroughs to push the stock price up.\"We've taken the primary steps that we need to take, but what guides us every day in the business decisions we make is we need to make sure as we deploy 1 dollar of our owners' capital that we are making sure it's going to deliver an appropriate return,\" Barra said at a news conference ahead of the shareholders's meeting in Detroit.Barra also addressed President Donald Trump's announcement last week that he intends to withdraw the US from the Paris climate accord.\"We understand the (climate) science and believe in the science, and we are committed to taking actions to reduce emissions and to negate the negative impact from an environmental perspective,\" Barra told reporters.Detroit – June 6, 20171. General Motors CEO Mary Barra arrives at the site of a news conference ahead of the company's annual shareholders' meeting2. SOUNDBITE (English) Mary Barra, General Motors CEO:\"In regards to the Greenlight Capital proposal, we value all input from all of our shareholders, and we have thoroughly and objectively analysed their ideas and assessed the company's approach to value creation. We do this on a regular basis. After careful consideration, we determined that Greenlight's proposal was not in the best interest of our shareholders.\"3. The GM logo on a digital screen4. SOUNDBITE (English) Mary Barra, General Motors CEO:\"We do believe that GM stock is undervalued, and we are taking decisive actions to address this.\"5. Cutaway of Barra6. SOUNDBITE (English) Mary Barra, General Motors CEO:\"We welcome ideas from our shareholders and other experts, and so we evaluated it very carefully, because, again (Greenlight is) a very important shareholder, and we value the voice of all our shareholders. But as we went through and looked at the aspects of this particular proposal, we thought it provided several elements of risk and it was not in the best interest of our shareholders.\"7. Cutaway of Barra8. SOUNDBITE (English) Mary Barra, General Motors CEO:\"I think we've taken the primary steps that we need to take, but what guides us every day in the business decisions we make is we need to make sure, as we deploy one dollar of our owners' capital, that we are making sure it's going to deliver an appropriate return.\"9. The words \"General Motors\" on the backdrop of news conference10. SOUNDBITE (English) Mary Barra, General Motors CEO:\"We understand the (climate) science and believe in the science, and we are committed to taking actions to reduce emissions and to negate the negative impact from an environmental perspective.\"11. Cutaway of Barra12. SOUNDBITE (English) Mary Barra, General Motors CEO:\"So we feel we have a very big responsibility, and we're going to take these steps regardless. And we have voiced that opinion to the administration (of US President Donald Trump) even prior to their decision (to withdraw from the Paris climate accord).\"  13. 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