Berkshire's Buffett opposes putting Wilson on GM board

Warren Buffett, Berkshire Hathaway's billionaire chief executive and one of the largest shareholders in General Motors Co (GM.N), told CNBC on Monday he disagrees with putting former U.S. auto task force member Harry Wilson on the automaker's board. Wilson and a group of hedge funds that own almost 2 percent of GM stock are pressing the automaker to buy back $8 billion in stock over the 12 months following its June annual meeting, and agree to give Wilson a seat on its board. Berkshire Hathaway owned 2.55 percent of GM's shares at the end of last year, according to documents filed with the U.S. Securities and Exchange Commission. A GM spokesman declined to comment.

via Business News http://ift.tt/1zAewge