Ic­ahn wins back­ing from share­hold­er ad­vi­so­ry firm in bid to re­move Il­lu­mi­na CEO from board

Il­lu­mi­na’s CEO and board chair­man shouldn’t be re­elect­ed to the board of di­rec­tors, the proxy ad­vi­so­ry firm Glass Lewis said, giv­ing a tac­ti­cal vic­to­ry to ac­tivist in­vestor Carl Ic­ahn in his bat­tle with the com­pa­ny.

Glass Lewis is an ad­vi­so­ry firm that weighs in on share­hold­er ques­tions and makes rec­om­men­da­tions in proxy con­tests. In­stead of re­elect­ing Il­lu­mi­na CEO Fran­cis deS­ouza and board chair John Thomp­son, the firm said share­hold­ers should sup­port Vin­cent In­tri­eri and An­drew Teno, two di­rec­tors pro­posed by Ic­ahn.

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