Target Wins Proxy Fight vs. Ackman

WAUKESHA, Wis. — Gregg Steinhafel, chairman, president and chief executive officer of Minneapolis-based Target Corp., thanked William Ackman, the man who led the challenge against management's slate of directors at yesterday's annual meeting here for his efforts to improve shareholder value, according to reports from the meeting.

WAUKESHA, Wis. — Gregg Steinhafel, chairman, president and chief executive officer of Minneapolis-based Target Corp., thanked William Ackman, the man who led the challenge against management's slate of directors at yesterday's annual meeting here for his efforts to improve shareholder value, according to reports from the meeting.

Management's four nominees were re-elected by a preliminary vote count of “more than 70%,” the company said yesterday — an outcome Steinhafel said “de

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