I believe the shareholders will support reducing the dividend as part of an equality-of-sacrifice plan that can increase the value of their shares over time.
—Jerome York
There are only two or three of the top 10 conglomerates that are making money. A conglomerate has to bring more than the sum of its parts, or it’s just a holding company.
The reality is we have a whole menu of options.
We are continuously evaluating the situation regarding what is going on with GM. I don’t mean every two months or something, I mean on a day-by-day, week-by-week basis.
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