UPDATE 1-Embattled BNY Mellon CEO gets rebuke, support at annual meeting

April 14, 2015 3:13 PM

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NEW YORK, April 14 (Reuters) - Embattled BNY Mellon Corp CEO Gerald Hassell, under fire from activist investors, received a public rebuke on Tuesday at the bank's annual meeting for lagging past performance, but also a vote of support to make improvements going forward.

The words of criticism and support came from Ed Garden, who joined BNY Mellon's board in December. Garden is a senior executive at Trian Fund Management LP, the activist hedge fund run by billionaire Nelson Peltz that owns about 2.6 percent of BNY Mellon's stock.

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