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GM board member York resigns
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Last Update: 12:29 PM ET Oct 6, 2006
SAN FRANCISCO (MarketWatch) -- General Motors Corp.'s (GM : General Motors Corporation
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Last: 30.97-2.16-6.52%
12:20pm 10/06/2006
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GM30.97, -2.16, -6.5%) board member Jerome York resigned, according to a filing with the Securities and Exchange Commission by Kirk Kerkorian's Tracinda Corp. Kerkorian is the automaker's biggest individual shareholder. Also in the filing, Tracinda said it will not pursue the acquisition of additional shares of General Motors stock, adding that it will continue to review their investment in the company and "may determine, based on market and general economic conditions, the business affairs and financial condition of General Motors, the market price of its shares and other factors deemed relevant by the filing persons, to acquire or dispose of additional shares."
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