Wolosky Quoted in The Wall Street Journal on GM’s Stock Buyback Plans

Olshan Activist Chair Steve Wolosky was quoted by The Wall Street Journal (subscription required) in an article detailing General Motors’ plans to announce a stock buyback which would end a potential battle with a group of shareholders, led by Harry J. Wilson who helped GM restructure during its bankruptcy, who criticized the automaker’s stock price, cash management and operating performance. Specifically, on the subject of the compensation arrangement related to Wilson’s possible service on the board, Wolosky noted the salary’s justification by stating it, "clearly evidences his [Wilson] long-term commitment to improving value at GM.”