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.”
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