Shareholders Reject Proxy Firms' Influence

Fort Wayne News Today | 2 Min News | The Daily News Now! · Jun 26, 2026 · 2m

Dell shareholders overwhelmingly voted to relocate the company’s legal headquarters from Delaware to Texas, joining a growing wave of corporate “DEXIT” moves led by firms like Axiom Space and ExxonMobil. Despite fierce opposition from dominant proxy advisory firms ISS and Glass Lewis—whose recommendations shareholders are increasingly ignoring—Texas lawmakers are pushing back, accusing these firms of letting politics and undisclosed conflicts influence their advice. Senator Bryan Hughes and Attorney General Ken Paxton have launched legal challenges, including lawsuits against ISS, over…