GM’s Stock Buyback Is Bad for America and the Company
Harvard Business Review
MARCH 11, 2015
” But the only real wins are a victory for the hedge funds, and a Pyrrhic victory for GM in that it managed to keep Wilson off its board and reduced the size of the buyback from the $8 billion the investors had been demanding. billion from 2010 through 2013), it would probably still be bankrupt but for the booming Chinese market.
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