Shareholder Effort To Block Target’s Political Spending Fails | Talking Points Memo

Investors pushing a resolution at retail giant Target’s annual shareholder meeting prohibiting it from bankrolling political advertising were unsuccessful in passing the measure, which failed by a large margin. Target apologized to its staff and pledged to reform its procedures in 2010 after a $150,000 donation to a Minnesota conservative group backing a gubernatorial candidate who opposed gay marriage drew national protests.

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