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The big bookseller has fended off a proxy challenge by the L.A. billionaire at this morning's shareholders meeting. The current management, led by Chairman Leonard Riggio, was backed by 44 percent of the shares, compared with 38 percent for Burkle's slate, which included himself.
Mark Lacter created the LA Biz Observed blog in 2006. He posted
until the day before his death on Nov. 13, 2013.