Tag Archives | General Motors

Election 2016: Hillary Clinton says her vote for Wall Street bailout shows her support for auto workers

By David Sirota and Andrew Perez (originally published by International Business Times) - In her attempt to win Tuesday’s presidential primary in Michigan, Hillary Clinton has pioneered an innovative new message amid rising anti-Wall Street sentiment: At debates and in a campaign ad, she is portraying her vote to funnel hundreds of billions of taxpayer dollars to her financial […]

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In tug-of-war over corporate cash, a big investor weighs in

By David Nicklaus (originally published by St. Louis Post-Dispatch) – You might think the world’s largest asset manager would be happy that companies are trying to be investor-friendly. Yet Laurence Fink, chief executive of BlackRock, is not pleased. He recently sent a letter to 500 of his fellow CEOs bemoaning the emphasis that many of them have […]

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A buyback or biotech bubble?

By Leo Kolivakis (originally published by Seeking Alpha) – Steven Davidoff Solomon, professor of law at the University of California, Berkeley, wrote a comment for the New York Times, General Motors’ Stock Buyback Follows a Worrying Trend: General Motors’ announcement that it will buy back $5 billion worth of stock raises the question of whether the […]

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General Motors’ stock buyback follows a worrying trend

By Steven Davidoff Solomon (originally published by The New York Times) – General Motors’ announcement that it will buy back $5 billion worth of stock raises the question of whether the stock buyback has turned into a shareholder activist shakedown. G.M. did not open its coffers willingly. Harry J. Wilson, a former member of the […]

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GM got played and it’s ‘bad for America’

By Matt Hardigree (originally published by Jalopnik) – This is The Morning Shift, our one-stop daily roundup of all the auto news that’s actually important — all in one place every weekday morning. Or, you could spend all day waiting for other sites to parse it out to you one story at a time. Isn’t […]

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Economist: GM’s $5bn buyback ‘bad for America’

By Justin King (originally published by LeftLaneNews) – General Motors’ $5 billion stock buyback plan has been met with criticism from some analysts and experts. The company announced the move after an activist investor threatened to run for a seat on the board and push for a larger $8 billion buyback. The initiative may be great for […]

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Harvard Business Review throws up all over stock buybacks

By Tyler Durden (originally published by Zerohedge) – When even the Harvard Business Review throws up all over stock buybacks, you know it is only a matter of days before Obama signs an executive orders banning these for good (as he should have back in April 2012 when we explained why it is all the Fed’s fault […]

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Harvard Business Review article questions GM buyback

By Grey Gardner (originally published by  Detroit Free Press) – The article said by reducing GM’s cash reserves, the company will have less money to invest in new products and technology and reach a fair contract with the UAW later this year. General Motors’ $5-billion stock repurchase is a major loss for American taxpayers and GM’s workers, […]

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