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In what appears to be a concession to disgruntled shareholders, General Motors Corp. said that it will meet a big institutional shareholder who criticized the company for performing poorly.

GM Chairman Roger Smith will likely meet with Dale Hanson, chief executive of the California Public Employees Retirement System, sometime in the near future, the automaker said.

GM spokesman Terry Sullivan said Smith and Hanson presumably would discuss the contents of a letter sent to GM by the fund, which expressed concern over the automaker's faltering performance.

Sullivan said Smith already had met last week with New York State Comptroller Edward Regan, who is trustee for the New York State and Local Retirement System.

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