Generous Motors
ORG
Generous Motors
General Motors, seeking to demonstrate to its union workers that it is willing to share the pain of radical cost-cutting, said it would halve the dividends it pays investors and the salary it pays its chief executive. G.M., which was once known to its employees as Generous Motors, also appointed Jerome B. York to its board. Mr. York, an adviser to the billionaire investor Kirk Kerkorian, who is G.M.'s biggest individual shareholder, had called for many of the steps taken by G.M., which lost $8.6 billion in 2005.