Target Shareholders Reject Pershing Board





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.

Tags: , , , ,

Get $0 stock trades through Zecco.com

This entry was posted on Friday, June 19th, 2009 at 5:56 pm. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

Leave a Reply