Proxy advisor ISS says Masimo change is 'absolutely necessary' in brutal report

The unusually sharp report, a copy of which was viewed by CNBC, said shareholders should vote for activist Politan Capital Management's board nominees, Bill Jellison and Darlene Solomon. ISS' paper comes on the heels of an equally trenchant report from advisory peer Glass Lewis, which issued an identical recommendation last week. Kiani, a close confidant of President Biden and the co-founder of the device company, "has demonstrated that he has no regard for public shareholders," ISS wrote in its report, and ...