GM shareholders shoot down David Einhorn's radical stock-split plan (GM)

At General Motors' annual shareholder meeting on Tuesday a radical plan from Greenlight Capital, a hedge fund overseen by David Einhorn, was voted down.
Greenlight, which controls more than 3% of GM's shares, wanted to split the stock into two classes: dividend shares and "capital appreciation" shares.
Over several months, Einhorn vigorously argued that his scheme would unlock billions in value for GM shareholders.
The carmaker's stock has languished since its 2010 IPO, after a government b