Financial Times FT.com

Kerkorian adviser ‘to call on GM to cut dividend’

By James Mackintosh in Detroit

Published: January 9 2006 22:01 | Last updated: January 10 2006 22:58

A close adviser to Kirk Kerkorian, one of the largest investors in General Motors, will on Tuesday call for the troubled US carmaker to cut its dividend, according to people familiar with his plans.

Jerry York, who is advising Mr Kerkorian on his $1.7bn investment in GM, is understood to be planning to make his call in an address to financial analysts in Detroit on Tuesday.

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