Money Talks: Target's Shareholders are Not happy with them.

Target is really going through it. They are feeling the heat from us and now, they're getting it from the shareholders.

L.A. Times has the scoop:

The three management firms sponsoring the resolution — Calvert Asset Management, Trillium Asset Management and Walden — together hold $57.5 million of Target stock. Other institutional investors, including the giant New York state pension fund and union investment managers, are considering co-signing the resolution, which calls on Target's independent directors to review the criteria and risks in making donations to organizations active in political campaigns.

"Target should have carefully considered the implications that direct political contributions can have toward shareholder value," said Ola Fadahunsi, spokesman for New York Comptroller Thomas DiNapoli, the pension fund's sole trustee. "It's troubling to think that they can fund controversial candidates without properly assessing the risks and rewards involved."

The New York state pension fund currently holds 3.8 million shares in Target, with a market value of $283 million.

There's more, please read the rest of the article. It's very telling about how Target truly f**ked up.Source URL: https://americanendeavor.blogspot.com/2010/08/money-talks-target-shareholders-are-not.html
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