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YRC Worldwide Incorporated
Shareholder representing 4 funds seeks $8B General Motors stock buyback, seat on board

A member of the government task force that restructured General Motors after its 2009 bankruptcy is seeking a seat on the company's board and at least an $8 billion stock buyback. And Harry Wilson says his push for change won't stop there. Wilson, 43, who served on the Obama administration's autos task force, represents four hedge funds that own 34.4 million GM shares, about 2.1 percent of the company. He disclosed his plans in a meeting with GM CEO Mary Barra on Feb. 3 and filed notice of his board candidacy in a letter on Monday. Shareholders will get a chance to vote for him this summer at GM's annual meeting, which normally takes place in June. In an interview with...