Economics

Warren Buffett not impressed with GM’s $5 billion buyback

GM, Wilson compromise, agree on $5 billion buyback

DETROIT — General Motors has agreed to buy back $5 billion of its shares and Harry Wilson will withdraw his bid for a seat on the company’s board on behalf of four hedge funds. “We will continue to invest in innovative technologies and world-class vehicles that will deliver sustained profitable growth and maximize returns to shareholders.”…

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