General Motors Company Unveils $5 Billion Stock Buyback; Avoids Proxy Fight

General Motors Company announced Monday that it will launch a $5 billion share buyback program and has tabled a capital allocation plan to return all available free cash flow to shareholders. The auto giant has also struck a deal with an investor group to avert a proxy fight.   General Motors Company three-pronged capital allocation framework GM unveiled Monday a capital allocation framework that encompasses three core principles. The firm said it will reinvest in its business with the objective of driving 20  or higher return on invested capital (ROIC), through investments in world-class vehicles and leading technology. General Motors Company intends…