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.”…

Like Us On Facebook - For Business And General News: ValueWalk - For Tech And Science News: ValueWalk Tech - For Tech Insights, Technical Questions and Queries: Follow Our COO, Sheeraz Raza.