That’s b/c proxy advice is a low margin biz, even for the market leader. Arguably it’s being subsidized by their corp advisory biz => all the controversy of them advising both sides of the proxy. Ultimately you could say it’s investors‘s fault, refusing to pay for better service
Deutsche Boerse's purchase of ISS is expensive, but not relative to other large exchange deals in play this year:pic.twitter.com/2GonOWaOp9
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Huge difference in margins across those deals
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