1. New Directors Strengthen Navistar's Corporate Governance, But Issues Remain

    Caving under pressure from the activist investors Carl Icahn and Mark H. Rachesky, Navistar International Corp. (NAV) recently strengthened the supervision of its senior managers by replacing three board members. But the truck and engine maker still has more work to do on its corporate governance. The former CEO Daniel C. Ustian and his team struggled against headwinds in recent years ranging from the economic crisis to production failures. As Navistar's stock price sank in the past year, Mr. Ic

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