1. Glass Lewis Recommends ADP Investors Vote for Ackman's Slate

    Glass Lewis Recommends ADP Investors Vote for Ackman's Slate

    Proxy advisory firm Glass Lewis said on Monday that it recommends Automatic Data Processing shareholders vote for all three dissident directors, giving activist investor Bill Ackman a boost in a bitter proxy battle with the company...

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    1. Glass Lewis finds validity in (Bill Ackman's firm) Pershing Square's overall thesis and we have determined that a sufficient basis exists to support the Dissident's solicitation for minority representation on the ADP board.
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