Shareholder adviser ISS sides with Apple (AAPL), telling investors to vote for a company...

|About: Apple Inc. (AAPL)|By:, SA News Editor

Shareholder adviser ISS sides with Apple (AAPL), telling investors to vote for a company proposal to eliminate the usage of preferred stock, laughingly citing the potential for misuse in a takeover defense. On the issue of bundling the preferred stock provision with other measures, ISS agrees with Einhorn, calling bundling "not in the best interests of shareholders."