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Activist Investor On General Motors: Naming Mary Barra As Chairman Was 'Remarkably Tone Deaf'
Thursday, January 14, 2016 - 9:52am | 259Harry Wilson is no stranger to General Motors Company (NYSE: GM)'s business operation as he led an activist battle against the company to initiate a multi-billion dollar share buyback program - an effort which he eventually withdrew. According to Automotive News, Wilson offered his thoughts...
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Harry Wilson Explains Why He Withdrew His Nomination From General Motors' Board
Tuesday, March 10, 2015 - 3:43pm | 344General Motors Company (NYSE: GM) struck a deal with activist investor and Maeva Group chairman & CEO, Harry Wilson, on Monday. According to the terms of the deal, Wilson will be withdrawing his nomination from GM's Board of Directors and drop the proposal that asked GM to buy $8 billion...
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General Motors Avoids Shareholder Fight, Will Buy Back $5 Billion In Shares
Monday, March 9, 2015 - 8:26am | 173General Motors Company (NYSE: GM) was up sharply in pre-market trading following an announcement Monday morning of a new capital plan. The move was a response to fights from activist investor Harry Wilson, who previously launched a proxy fight for a board seat. As a result of the $5 billion...
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General Motors Under The Grip Of Activists
Tuesday, February 10, 2015 - 5:10pm | 426It seems the recent upbeat results and raise in dividends by General Motors Company (NYSE: GM) were not enough to satisfy some shareholders. It was revealed on Tuesday, February 10, that four hedge funds have combined their powers to fight for a seat in the company’s board and push...
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General Motors Gets Positive Reaction To Financial Objective Hints
Tuesday, February 10, 2015 - 1:21pm | 308General Motors Company (NYSE: GM) on Tuesday said in a news release that it has received notice from Harry J. Wilson that he intends to nominate himself as a candidate to stand for election to the company's Board of Directors. Wilson's notice indicated that he is acting on behalf of himself and...
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Markets Rally On Better Than Expected GDP; Dow Has Best Close In More Than A Month
Thursday, October 30, 2014 - 5:09pm | 1851U.S. stocks rose on Thursday after government data showed the U.S. economy grew 3.5 percent in the third quarter, better than the 3.0 percent expected. Investors brushed off a poor reading on the number of Americans filing for jobless benefits, which rose last week in favor of GDP data; this...
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Dan Loeb Declares A Proxy War Against Sotheby's
Friday, February 28, 2014 - 5:43pm | 433“If you want something done right, do it yourself.” On Thursday, activist investor Dan Loeb said he would nominate himself and two others to the board of Sotheby's. (NYSE: BID) Loeb's Third Point Capital owns a 9.53 percent stake of the famed auction house and is officially waging a proxy war...