May 11 (Bloomberg) -- William Ackman, founder and chief executive officer of Pershing Square Capital Management LP, talks with Bloomberg's Margaret Popper about his plan to nominate himself and four others to the board of Target Corp.

Ackman asked Target shareholders to vote, call the company and talk with the proxy advisory firm as he presented his slate of candidates at a meeting in New York today. Target, in a separate filing, urged shareholders to re-elect its nominees. (Source: Bloomberg)

00:00 Proposed board candidates; proxy fight costs
01:46 Board change would make "major difference"
02:51 Richard Vague vs. Richard Kovacevich
04:25 Target's credit-card exposure, worth
06:19 Jim Donald; candidates "not my henchmen"
07:42 Outlook for Target shareholder support
08:36 "I...can add a lot of value" at Target.

Running time 09:33

Last Updated: May 11, 2009 14:04 EDT