ISS Recommends Voting for Apple's (AAPL) Preferred Share Elimination Proposal

ISS said it recommends Apple's (Nasdaq: AAPL) plan to eliminate "blank check" preferred shares. The firm said the preferred shares can be "misused" in takeover defense and recommends voting for the proposal.

NOTE: Earlier in the week, Greenlight Capital's David Einhorn urged to vote against the proposal.

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