Institutional Shareholder Services (ISS) believes that Qwest founder and chairman should be booted out of the company and is urging shareholders to do so. However, that is easier said than done, according to The Denver Post.
bq. Anschutz, Frank Popoff and chief executive Richard Notebaert need only be among the top three vote-getters to be re-elected at Qwest’s annual meeting on Dec. 16 in Denver. There is no fourth candidate to bump them.
bq. ISS also recommended Qwest shareholders approve a controversial proposal to require that a majority of Qwest’s board be independent. That would mean most of Qwest’s directors must be free of significant business ties to the Denver-based phone company.