Activist Investor Plans to Push for Changes at GM Annual Meeting

Greenlight Capital's David Einhorn will propose General Motors (GM) - Get Report split its stock into two classes; one for capital appreciation, the other for those who want dividends. General Motors hosts its annual shareholder meeting today and while profits are up, the share price has lagged. Amazon (AMZN) - Get Report is dropping its membership price for low-income shoppers. It will offer a nearly 20% segment of the United States population-people who obtain government assistance with cards typically used for food stamps-a $5.99 monthly prime membership, less than than the $10.99 a month or $99 annual plan for other consumers. J.Crew says its long time leader Mickey Drexler will step aside as Chief Executive and hand over those duties to an outsider. The company is struggling with slow sales and a large amount of debt. Sales at stores open at least a year have fallen for the past 10 quarters.