17 Apr 2017 Buffett-follower Mohnish Pabrai says General Motors should scrap its dividend ( Portfolio )

Pabrai does not support current efforts by GM investor David Einhorn to unlock value by creating two separate classes of GM stock: one for the capital appreciation, and one for the dividend.

"I don't think it's a good idea," Pabrai said. "So I'm actually with GM management on that," adding he thinks GM chief executive Mary Barra "is fantastic. A better approach is [for GM to] eventually eliminate the dividends, especially since the auto business is so cyclical."