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 so doing, the shareholders at the annual meeting also voted to reject a plan to increase the size of the board of directors for Target Corporation.
Target Shareholders Reject Pershing Board
Tags: ackman, annual meeting, board, pershing, shareholders
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