Board members who sit on four or more boards may find it impossible to manage their time when faced with an insurgent investor or merger situation -- or both.
BoardEx data shows more than 1,000 long-serving directors at S&P 500 companies. Insurgent investors are labeling them 'overtenured' and are launching campaigns against them.
Wall Street analysts upgraded Goldman Sachs and Molson Coors, but downgraded D.R. Horton and PayPal.