Remember in The Godfather, the way Don Corleone used to send consigliore Tom Hagen to deliver a message? It was a little like that in Motown last week when Jerry York traveled from the Kerkorian compound to deliver some advice to General Motors:
The words carry a little more weight than those of the typical Monday morning quarterback; Kirk Kerkorian's Tracinda Corp. owns about 7.8 percent of GM stock.
On the upside, York told the Society of Automotive Analysts in Detroit that the Big K liked GM's plan to cut 1 million units of North American capacity. York also said GM has good products in the pipeline.
Kerkorian sold 12 million GM shares late last year. But York said the sale was for tax purposes, and added that Tracinda plans to buy them back -- and perhaps pick up 12 million more.