Einhorn, making comments after the hedge fund urged GM to
"It trades below its multiple in the S&P 500. The PE is less than 6. The payout, the dividend yield, which is more than 4 percent ... puts it among the highest. And further, they're only paying out about a quarter of their earnings," Einhorn said on "
Greenlight Capital, which owns 0.88 percent of GM shares, a stake worth $457 million, said GM's switching to two stock classes would help the U.S. automaker improve its financial flexibility and boost the stock's value.
"I would compare it to an ice cream stand that just serves chocolate and vanilla swirl ice...