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Remember that time "open carry" gun enthusiasts brought their guns to shop at Target? As it turns out, despite the #BoycottTarget movement and those startling pictures of gun-slinging activists making their way through the baby department, Target has decided to take no further action regarding the demonstration.
The company's annual shareholders meeting convened yesterday in Dallas, and according to a local report, they issued a statement on the matter, saying "[Target] won't prohibit legal firearms and will instead follow state and federal laws on the issue." To compare: Chili's, Sonic, Starbucks, Wendy's, Jack in the Box, Applebees, and Chipotle have all released statements banning weapons on company property, despite whatever local laws are in place.
But that wasn't all they discussed in the meeting. After Target's 2013 data breach that resulted in information being stolen off tens of millions of cards, an independent company called Institutional Shareholder Services recommended that seven out of the 10 Target board members be voted off the table to answer for the questionable handling of the crisis.
How many were voted off yesterday? Not a single one. Take note, Lululemon, this is an example of how to keep board problems out of the public eye.
· Target's 10-member board survives vote of shareholders [Star Tribune]
· Lululemon's Founder Tries to Oust Fellow Board Members [Racked]
· Gun Activists Don Huge Rifles to Shop Target's Baby Aisles [Racked]