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Proxy advisory firm Glass Lewis says it supports Transocean's (RIG) proposed $2.24 dividend over...

Proxy advisory firm Glass Lewis says it supports Transocean's (RIG) proposed $2.24 dividend over Carl Icahn's proposal for a $4/share payout, which it calls "too aggressive, exposing the company to unnecessary risk." But it recommends shareholders vote for one of Icahn's three board nominees, saying RIG's board and management bear responsibility for the company's underperformance.
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  • Rhee Ali Tee
    , contributor
    Comments (47) | Send Message
     
    Glass Lewis is full of it--Who's buying their lunch at the Four Seasons for such a comment? RIG can easily afford the $4 a share dividend, and owes it to their shareholders to set the standard by which all others ought to follow. After all, they are the largest driller in the world--
    1 May 2013, 09:00 PM Reply Like
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