Lost among other news yesterday — something about voting machines or some such nonsense — was news that the General was handing out presents to shareholders. The present came in the form of a quarter per share dividend, same as last quarter, to the good men, women and investment banks who've stuck with the big n' bad automaker through thick and thin — well ok, that's a lie — it's also going to the folks who bought the stock in the recent Kerkorian-engineered up-tick — and even those who haven't yet bought any. So feel free to pick some up now, you've got until November 17th for it to count. Damn you, you bandwagon fans.
GM Halves Dividend, Cuts Exec Salaries [internal]