Two institutional investor advisory services on Wednesday issued recommendations on whether Carl Icahn should win a contested seat on Motorola's board of directors--and their advice is mixed. Institutional Shareholder Services (ISS), which issues advice to roughly a third of Motorola's investors, is calling for shareholders to elect Icahn to Motorola's board.
Glass Lewis & Co., an institutional advisory service to pension funds and mutual funds, issued a recommendation that shareholders disregard Icahn's request for a board seat and, instead, side with the company's directors and their proposed slate of board members.
Discuss: Investment advisers weigh in on Motorola and Icahn
Be respectful, keep it civil and stay on topic. We delete comments that violate our policy, which we encourage you to read. Discussion threads can be closed at any time at our discretion.