Hasbro warded offAlta Fox's campaign with shareholders rejecting by "a substantial margin" the activist's sole nominee in favor of the company's full slate, according to preliminary results from its annual general meeting, the toy maker announced.
Why it's the BFD: It's the latest failure by an activist to convince investors to elect one of their candidates at a consumer-facing company this proxy season, following defeats at Kohl's and McDonald's.
