Home Investor seeks $8B GM stock buyback, seat on board
 

Keywords :   


Investor seeks $8B GM stock buyback, seat on board

2015-02-10 17:22:58| Automakers - Topix.net

" A General Motors stockholder representing four investment funds has told the company he'll seek a seat on its board at the annual meeting this summer and will push for an $8 billion stock buyback to take place next year. Harry Wilson, a former hedge fund manager and one-time member of the Obama administration task force that helped to restructure GM and Chrysler in 2009, disclosed his plans in a meeting with GM CEO Mary Barra on Feb. 3. The company revealed them in a statement issued Tuesday morning and said its board will evaluate the proposals through its normal committee process.

Tags: on board stock seat

Category:Automotive

Latest from this category

All news

»
16.11 onecontrol Chamaeleo Tail Loop MKII
16.11ZIGGY ORDER-MADE
16.116
16.11SwitchCoLotta
16.11 p8
16.11mtg foil 3
16.11RolandSP-404SX
16.11DVD 42
More »