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Paramount Investors Should Vote Against Reelecting Shari Redstone to Board, Shareholder Advisory Firm Says — but It Would Be a Symbolic Protest
ISS recommended Paramount Global shareholders symbolically vote against the reelection of Shari Redstone and three other directors to the board.
But influential proxy advisory firm ISS has issued a recommendation that Paramount Global shareholders vote against the reelection of Redstone and three other board members — Barbara Byrne, Linda Griego and Susan Schuman — because the directors have allowed the media conglomerate to maintain a “problematic capital structure.” In addition, ISS in its advisory report recommended voting against Byrne, Griego and Schuman, who are members of Paramount Global board’s compensation committee, over concerns about the company’s executive compensation plans, including what it terms the “relatively large influence” of individual performance on annual bonus payouts. But Trump, asked about the matter last week, immediately began discussing his$20 billion lawsuit against CBS over the editing of a “60 Minutes” interview with then-VP Kamala Harris. McHale, who is president and CEO of Cane Investments, wanted to step back from her professional commitments across her public board positions, according to a source familiar with her thinking.
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