The General Motors Board of Directors today elected Jerome (Jerry) York to the GM Board, effective February 7, 2006. He will serve on the Board’s Public Policy Committee and Investment Funds Committee. York is a consultant to Tracinda, the beneficial owner of approximately 9.9 percent of the common stock of GM. Tracinda is owned by Kirk Kerkorian. Recently, York called for GM to dump at least two brands ( Saab and Hummer) from its lineup. He and Kirk Kerkorian also called for GM to reduce executive pay to help stem losses.
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