Target (TGT) Will Not Recommend Ackman or Suggestions By Pershing Square For Board
More News related to TGT
- Video: Daughtry Kicks Off Salvation Army 2009 National Red Kettle Campaign for First Dallas Cowboys Thanksgiving Day Game at New Stadium in Arlington, Texas
- Target.com Launches First-Ever Thanksgiving Day Sale and Incredible Cyber Week Deals
- Target Gives Away GiftCards Galore This Holiday Season
- Target Provides Improved, Convenient Shopping This Holiday Season
- Top 10 News Items 11/16-11/20: Dell Blows It Again, Geither Gets Roasted on Capitol Hill, Again, IPO's A-Plenty
Target Corporation (NYSE: TGT) issued a statement regarding the announcement made by William "Bill" Ackman, founder and CEO of Pershing Square, that he intends to nominate five representatives for election to Target's Board of Directors at the company’s 2009 Annual Meeting of Shareholders.
Target's Board of Directors has determined to nominate for re-election at the 2009 Annual Meeting all four of the current directors whose terms expire at this year's meeting.
-Mary N. Dillon, Executive Vice President and Global Chief Marketing Officer, McDonald's Corporation
- Richard M. Kovacevich, Chairman, Wells Fargo & Company
- George W. Tamke, Partner, Clayton, Dubilier & Rice, Inc., and
- Solomon D. Trujillo, Chief Executive Officer, Telstra Corp. Ltd
The Board firmly believes that the re-election of these directors is in the best interest of Target shareholders.
After careful consideration, the Nominating Committee determined not to recommend that Mr. Ackman, or the other individual suggested by Pershing Square, be added to Target's Board of Directors.
Related Categories
13DsCorporate News
Stocks Mentioned
-0.13Related Entities
Comments
Sign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
Ackmann
Morton A. Schroeder on Mar 16, 2009 05:37 PMI think TARGET should tell Adkmann to lay his eggs elsewhere. TARGET has got along just fine without him for a goodly number of years. TARGET dOES NOT need him now!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!! mORTON AND bETTIE sCHROEDER