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NEW YORK (AP) Activist shareholder William Ackman said Monday that the retailer Target Corp. has been hurt by a limited food offering and its unwillingness to look into ways to capitalize on its real estate.
Ackman, whose Pershing Square Capital Management hedge fund holds a 7.8 percent stake in Minneapolis-based Target, has nominated five candidates for election to Target's board at its annual meeting on May 28.
Pershing said Monday that an independent proxy advisory firm recommended that Target's shareholders vote for two of its nominees, Winthrop Realty Trust Chairman and Chief Executive Michael Ashner and former Starbucks Corp. Chief Executive Jim Donald. ...
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