Retailers, consumers and prices
Check Out Line: The Thrilla in Waukesha
Check out the proxy battle royale going on at Target’s annual meeting in Waukesha, Wisconsin.
Shareholders at the company’s annual meeting also will decide whether the board should be 12 members, as Target wants, or expands to 13, as Ackman prefers.
Ackman has said he is running the proxy contest to add executives to Target’s board who have expertise in credit cards, real estate and food retailing, while Target maintains he simply wants to push through a risky real estate transaction.
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