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

|About: Transocean Ltd. (RIG)|By:, SA News Editor

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.