Former Obama Auto Task Force Member Wants GM Board Seat
A group of four heavyweight hedge funds that controls 2.1% of the General Motors’ shares wants a seat on the automaker’s board of directors and a change in company policy requiring a steep increase in...
View ArticleGM Board Unlikely to Bow to Hedge Fund Demands
General Motors’ board of directors is almost certain to reject the recent demands by the leader of a bloc of four hedge funds to repurchase $8 billion in stock and a seat on the company's board of...
View ArticleGM Buying Back $5 Bil in Shares
General Motors will buy back $5 billion in share as part of a deal reached with activist investor Harry J. Wilson. The figure falls short of the original $8 bil demand, and Wilson has withdrawn his...
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