Time For Pay Back? Former Obama Aide Instrumental In Bailout Wants Seat On GM Board

A former Obama administration auto adviser wants to join General Motors’ board and is urging the Detroit automaker to repurchase $8 billion in stock by 2016.

Harry J. Wilson, who was a senior member of the Obama administration auto task force that pushed GM into bankruptcy in 2009 as part of a $49.5 billion bailout, said he plans to seek election by shareholders to the board at the company’s 2015 annual meeting “and bring before the annual meeting a proposal that the company commit to completing $8 billion of share repurchases on or before the first anniversary of the 2015 annual meeting.”

MDarringer - 2/10/2015 8:47:19 PM

+1 Boost

No and OH HELL NO. This bozo deserves NOTHING.

freeagent - 2/10/2015 8:56:28 PM

+1 Boost

Even though I am considering a Corvette or Caddy at some point, if any more like this from the O Admin gets on the board then that thought is dead