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An editorial in the Harvard Business Review heavily criticizes GM for bowing to a group of activist investors and buying back $8 billion in stock. The piece rails against the idea of these buybacks in general.

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General Motors is agreeing to a $5 billion stock buy-back and other provisions in exchange for Harry J. Wilson not running for a seat on its board. The compromise ends an attempt by activist investors to return even more money to shareholders.

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General Motors has retained Goldman Sachs and Morgan Stanley for "advice" on how to respond to activist investor Harry J. Wilson. He leads a group of four investment funds who want GM to spend $8 billion on a share buyback to raise its stock value, and he wants a seat on the board.