Einhorn Says GM Outmaneuvered Him in Stock Split Battle
- ‘We’re staying quiet now’ on the auto giant, he says
- GM remains Greenlight Capital’s biggest stock holding
David Einhorn
Photographer: Christopher Goodney/BloombergThis article is for subscribers only.
Hedge fund manager David Einhorn said he bungled his campaign to get General Motors Co. to split its stock and conceded he was outmaneuvered by the auto giant.
“They beat us in public relations, they managed to get the rating agencies on their side, they got their sound bites better than ours,” Einhorn said at the Capitalize for Kids Investors Conference in Toronto on Wednesday. “It just means we really didn’t do an effective job in getting our story across.”