Glass Lewis News
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Royal Caribbean Cruises Ltd. shareholders approved an non-binding resolution to eliminate staggered terms for directors, dealing a defeat to Chairman and Chief Executive Officer Richard Fain.
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Royal Caribbean Ltd.’s largest investor is challenging Chairman and Chief Executive Officer Richard Fain by supporting a plan that could lead to a board shakeup at the second-largest cruise operator.
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JPMorgan Chase & Co. Chief Executive Officer Jamie Dimon won more investor support this year than in 2012 to remain chairman, weathering a push to divide the roles after the largest U.S. bank suffered a record trading loss.
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Royal Caribbean Ltd.’s largest investor is challenging Chairman and Chief Executive Officer Richard Fain by supporting a plan that could lead to a board shakeup at the second-largest cruise operator.
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JPMorgan Chase & Co. Chief Executive Officer Jamie Dimon won shareholder support to remain chairman, surviving a campaign to split the roles after a record trading loss at the biggest U.S. bank.
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Policy makers should examine the prominence of advisory firms in corporate elections and consider whether regulations give them preferential roles in the process, a top U.S. securities regulator said.
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Goldman Sachs Group Inc. shareholders should vote against the bank’s executive-pay plan, proxy- advisory firm Glass Lewis & Co. said, while ISS Proxy Advisory Services USA supported the program.
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CommonWealth REIT, the U.S. office landlord whose second-largest investors are seeking to oust the board, said one of its trustees has been reappointed after failing to receive enough shareholder votes for election.
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Morgan Stanley shareholders backed the bank’s executive-compensation package after the board cut Chief Executive Officer James Gorman’s pay by 7 percent and deferred bonuses for top managers.
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Sprint Nextel Corp.’s bid for Clearwire Corp., slated for an investor vote on May 21, won the endorsement of Egan-Jones Ratings Co., which joined Institutional Shareholder Services Inc. in supporting the deal.
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