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3)Do you think Ackman’s demands for strategic changes at Target are justified, given Target’s strategy and its financial track record? Comment on EACH of the proposed changes by Ackman.
Even though the board has made an excellent job so far, Ackman is bringing the best of the best professionals in the areas he was suggesting making changes in. The board needsfresh blood to take over the difficulties they are passing through. oJim Donald: Expert in retail and services industry. He also has worked for the competitor Wal-Mart.oRichard Vague: Guru of credit card industry – he should be a must inside the team.oMichael L. Ashner: Expert in real state and has experience inside a REIT listed company.oBill Ackman: Broad experience in investments with high figures and he is also thethird largest shareholder of the company. He wants to see his money producing more money, motivated to give his best.oRon Gilson: Corporate Governance expert. He is needed in the entire process to ensure the shareholders get what they want.