Happens around this time every year. As companies tally votes at annual meetings, CEOs and their lackeys attack proxy advisors ISS and Glass Lewis as conspiratorial, conflicted enemies of powerless corporate executives and BoDs. 

This current round of criticism began with JP Morgan Chase CEO Jamie Dimon's remarks at an investor conference. It continued with corporate toady Harvey Pitt's Wall Street Journal op-ed calling for stricter regulation of proxy advisors. The Financial Times piled on with the standard questions about proxy advisor power and independence. For good measure, the Wall Street Journal wrote a companion editorial to Pitt's manifesto, with no new or original comments. 

We don't feel the need right now to defend proxy advisors or their processes. We did so long ago and more recently.

Instead, we point out in a current blog post how those who criticize and call for strict regulation of proxy advisors really only have it in for the investors that these firms advise and represent.