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Wal-Mart fires back at proxy firm

By Anne D'innocenzio
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NEW YORK (AP) — Wal-Mart is firing back at a prominent proxy advisory firm that critiqued the company’s executive pay plan and how it’s handled an overseas bribery probe.

Institutional Shareholder Services earlier this week urged shareholders to vote against Wal-Mart’s executive pay plan and to back a resolution for the appointment of an independent chairman.

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