ValueWalk – David Tepper, founder and hedge fund manager of Appaloosa Management joined the activism on General Motors Company (NYSE:GM). His firm supports the shareholder proposals of Harry Wilson to the automaker.
Wilson is a retired hedge fund investor and a former senior adviser to the Obama administration’s auto task force that helped restructure GM. He sent a notice to the automaker indicating his intention to stand for election to become a member of GM’s board during its annual meeting. He is also pushing the automaker to buyback $8 billion worth of its shares in one year.
