MINNEAPOLIS (AP) - A few Target Corp. and Best Buy Co. institutional shareholders weighed in Thursday on the flap over the companies’ political donations in Minnesota, urging the boards of both retailers to increase their oversight of campaign contributions.
Walden Asset Management and Trillium Asset Management Corp., both of Boston, and Bethesda, Md.-based Calvert Asset Management Co. filed shareholder resolutions with both companies. Together, the three firms control less than 1 percent of each company’s outstanding shares - 1.1 million Target shares worth $57.5 million and 344,000 Best Buy shares worth $11.3 million - but they are moving the debate over the political giving to a new arena.
Target gave $150,000 and Best Buy $100,000 to a busi…
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