Target shareholders voted overwhelmingly to keep the four incumbent board members Mary N. Dillon, Richard M. Kovacevich, George W. Tamke, and Solomon D. Trujillo.  The entire slate of Pershing Square directors received less than 20 percent of the vote, except for James L. Donald who received 22 percent.  William A. Ackman earned 19 percent.  In [...]

Well, you probably aren’t feeling it as much as Pershing Square’s William Ackman.  Ackman set-up a hedge fund solely to invest in Target stock.  Obviously, this has not panned out as the wisest investment of Ackman’s career.  The fund is down over 40% YTD (that’s a lot) and nearly 90% overall.  Ouch.