Activist investor Carl Icahn, who last month proposed that EBay Inc. spin off its PayPal unit and nominated two employees to the board, criticized the online marketplace for “lapses” in corporate governance and asked shareholders to vote in favor of the split.
The U.S. Securities and Exchange Commission is weighing whether proxy advisers have grown so influential in corporate elections that regulators should impose rules to make their business more transparent.
Rupert Murdoch’s positions as chairman and chief executive officer of 21st Century Fox Inc. should be split, shareholder-advisory firm Glass, Lewis & Co. said today in support of an investor resolution.
Sprint Nextel Corp. investors should abstain from voting on SoftBank Corp.’s $20.1 billion takeover proposal, shareholder advisory firm Glass Lewis & Co. said, putting pressure on the Japanese company to raise its bid.
Dynegy Inc. shareholders should reject the proposed $540 million takeover by Blackstone Group LP in favor of alternatives such as refinancing or buying back debt to lower costs, proxy research company Glass Lewis & Co. LLC said.
Fujitsu Ltd. shareholders should vote the company’s chairman and a director off the board for ousting former President Kuniaki Nozoe amid accusations of ties to organized crime, proxy advisory firm Glass, Lewis & Co. said.