Glass Lewis recommended that shareholders vote for the 13 Kohl’s director nominees put forth by management at its May 11 annual meeting, which would prevent Macellum Advisors from gaining seats on the board. The endorsement rebuffs Institutional Shareholder Services recommendation to back two of Macellum’s 10 nominated candidates, which came days earlier. Glass Lewis said that Kohl’s has taken meaningful steps to boost sales and profitability and its stock performance has been reasonably in line with industry ... Log in to view full article.