DETROIT (AP) — When General Motors shareholders complained at their annual meeting about the company's languishing stock price and the lack of a dividend, CEO Dan Akerson had answers for most of their questions.
The stock is down because of the company's losses in Europe, its huge global pension liability and overall uncertainty about the economy, he told shareholders in Detroit on Tuesday. And GM is working to fix all the problems it can control, he said.
Akerson didn't directly answer the dividend question. GM last paid a dividend in July 2008. It was cut as the company headed into bankruptcy protection.
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