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.
Grow the Future of Public Media
MPR News is supported by Members. Gifts from individuals power everything you find here. Make a gift of any amount today to become a Member!