Visa stock slips as activist group presses for an “independent chair” vote
Visa shares fell 0.5% to $350.57 in midday trading Friday as a shareholder group urged support for a proposal to permanently separate the CEO and board chair roles. The vote is set for Visa’s Jan. 27 annual meeting. Mastercard was little changed; American Express slipped 0.8%. Investors are also awaiting Visa’s next earnings update.