Proxy advisory firm ISS strongly endorses Bill Ackman’s alternative slate of directors for...

|By:, SA News Editor

Proxy advisory firm ISS strongly endorses Bill Ackman’s alternative slate of directors for Canadian Pacific Railway (CP -1.7%) as well as his call for a new CEO: “Even in the relatively stronger years of 2006 and 2007, when the company achieved its lowest [operating ratios] under the current CEO, the rate of Y/Y improvement was markedly lower than for the average U.S. peer."