Despite firestorm, Target board of directors re-elected

Target shareholders at the retailer's annual meeting this afternoon re-elected the company's entire board of directors, rejecting a call to oust most of them.

A big shareholder advisory firm had urged investors to vote out seven of 10 board members, because of a massive data breach last year. Board members maintained they took extensive protective measures before and after the breach.

All board members received a majority of votes cast. But Target says it'll likely be a few days before the company reveals how strong the support was. Typically, anything other less than at least 90 percent of the vote is seen as a sign of investor discontent.

Target cut off its webcast of the annual meeting, before what was expected to be a contentious Q and A session with shareholders. The company said that's consistent with past meetings, and there were just two comments and no questions.

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