All articles tagged with #institutional shareholder services
The Institutional Shareholder Services urged Warner Bros. Discovery to scrutinize or curb CEO David Zaslav’s proposed $886 million golden parachute tied to the Paramount sale, calling the excise tax gross-up and large equity awards a governance red flag even as ISS approved the sale’s competitive process.
Institutional Shareholder Services urged Warner Bros. Discovery shareholders to vote down CEO David Zaslav’s golden parachute, calling the package extraordinary and problematic largely due to an excise tax gross-up; while ISS backs the Paramount Skydance sale, the pay is advisory and could still be paid depending on merger timing, with the eventual value likely closer to $600 million as vesting progresses, underscoring governance concerns about executive compensation in big M&A deals.
Institutional Shareholder Services (ISS) has recommended that its clients vote to add Nelson Peltz to Disney's board of directors, citing Disney's underperformance and succession issues. ISS also suggested withholding a vote for current board member Maria Elena Lagomasino. Disney chairman Mark Parker disagreed with ISS' recommendation, emphasizing the board's focus on long-term shareholder value creation and succession planning. The proxy fight has been public and bitter, with ISS acknowledging the public attention on the battle. ISS recommended against Lagomasino due to her role in the failed succession process, and expressed concerns about the board's ability to oversee the next CEO transition.