An advisory service to institutional investors issued a recommendation Wednesday that its clients vote against the re-election of three Yahoo directors.
Yahoo Chairman Roy Bostock and directors Ron Burkle and Arthur Kern, all of whom sit on the compensation committee, received a thumbs down from influential institutional investor Glass Lewis & Co.
Glass Lewis, as well as RiskMetrics and Proxy Governance, issue recommendations to their clients on how to vote on proxy matters. These clients include mutual funds, pension funds, and asset management companies, which often hold large blocks of stock in various companies.
Glass Lewis is advising its clients … Read more