P&G; Holders Reject Salvadoran Resolution: Procter &...
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P&G; Holders Reject Salvadoran Resolution: Procter & Gamble Co. shareholders rejected a resolution that urged the company to stop buying coffee from El Salvador until that nation ends its civil war. More than 97% of stockholders at the company’s annual meeting in Cincinnati voted against the resolution, with 2.6% in favor. James Gamble of Amherst, Mass., great-great grandson of the company’s co-founder, and shareholder Patricia Close of Seattle had co-sponsored the resolution. The company’s board had urged its defeat.
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