A lot of the responsibility for pushing corporations hard to the left in recent years lies with an until-recently little-known pair of proxy-advisory companies, Institutional Investor Services (ISS) and Glass Lewis. The profound partisan bias (as well as the profound conflicts) of these companies has been noted before in these pages, but has recently been highlighted by people rather more important than me, including the editors of the Wall Street Journal and the sensible members of the House Financial Services Committee’s subcommittee on Oversight and Investigations.
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