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Target finds fault in RiskMetrics report


MINNEAPOLIS Target pointed out a number of flaws in a RiskMetrics report on Target's ongoing proxy contest.

According to reports, Target noted in a white paper that the proxy firm was incorrect in calling the company's real estate ownership "atypical" and noted that other big-box retailers, including Lowe's and Costco all own a large amount of their U.S. real estate. Target took issue with RiskMetrics' claim that the retailer was resistant to change, pointing out that it has added six new board members since 2002.

RiskMetrics, according to reports, is supporting Pershing Square's William Ackman and former Starbucks CEO James Donald for Target's board.

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