Napster Gets One Bit of Good News: Proxy Advisors Back Management; Low Grades on Compensation

Napster (NSDQ: NAPS), the online music service under pressure from some of its shareholders for a management change or a sale got a small breather when two independent proxy advisors — Proxy Governance and Glass Lewis & Co — concluded that three dissident investors seeking seats on the company’s board are unqualified to be elected. The music company has previously said that the three candidates