Another uprising at Morgan Stanley?
Shareholders are barking up the tree again in advance of next week’s annual shareholder meeting at Morgan Stanley.
The Wall Street Journal writes a great piece detailing the efforts of CtW Investment Group, the investment arm of labor federation Change to Win. CtW is urging a “vote no” against three directors: Chairman/CEO John Mack, Robert Kidder, and Howard Davies.
For the record, RiskMetrics (formerly ISS) is recommending “vote yes” for the entire slate of Morgan Stanley directors. Glass Lewis recommends “vote no” on six nominees. Proxy Governance is advising “vote no” on solely Robert Kidder.
