NEW YORK (CNNMoney.com) - General Motors says it agrees with some of the changes called for by the investment firm Tracinda Corp., including a number of restructuring moves, according to a report published Thursday.

In an interview, GM CEO Rick Wagoner told the Wall Street Journal that the moves proposed by Tracinda advisor Jerome York last month have been reviewed by the board, but he would not offer any details on the individual suggestions.

GM chief executive Rick Wagoner

"I think many of his suggestions certainly makes sense to us and are, frankly, consistent," Wagoner told the Journal.

Tracinda Corp, which is owned by famed billionaire Kirk Kerkorian and controls approximately 9.9 percent of GM shares, suggested that the automaker trim executive salaries, cut its annual dividend of $2 a share and reduce the number of brands it operates, according to the paper.

Reporting a $4.8 billion loss for the fourth quarter just last week, GM may continue discussions with York on the possibility of Tracinda earning a spot on the board of the automaker, the paper reported.

Shares of GM (down $0.96 to $23.54, Research) were 2.5 percent lower in Thursday morning trade on the New York Stock Exchange.

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For a look at the proposals made by York about GM's future, click here.

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