Op-Ed: The Proxy Advisers’ Forty-Year Free Pass Just Ran Out
On August 5, the Justice Department’s Antitrust Division withdrew a business review letter it issued to Institutional Shareholder Services back in 1987. Four months earlier, the Labor Department told the same industry it had been acting as an ERISA fiduciary all along, welcome or not. Two federal agencies, working from two different statutes, landed on Read More…