A labor-backed activist investor group, including SOC Investment Group and Trillium Asset Management, is urging Target shareholders to vote against former CEO Brian Cornell and lead independent director Christine Leahy at the upcoming Annual General Meeting. The group criticizes Target's strategic missteps over the past five years, including rolling back diversity initiatives and weak responses to social issues, which they say have alienated customers and hurt financial performance. They argue that Cornell's continued role as executive chair undermines the new CEO Michael Fiddelke's independence and hampers the company's turnaround efforts. Despite recent improvements under Fiddelke, the activists call for leadership change to restore governance and shareholder value.
