Getting your player ready...
General Motors Co. will be a tempting target for activist investors if it doesn’t quickly return some of its $26.8 billion in cash to shareholders through a dividend or stock buyback from what the automaker calls its “fortress balance sheet.”
A push to give shareholders some of its cash, built up during the government-backed bankruptcy and restructuring, would clash with some of CEO Dan Akerson’s goals to maintain spending on new products and buy back preferred shares left after the bankruptcy.
