The Wall Street Journal-20080116-Luby-s Inc-- Shareholders Re-Elect Board Supported by Management

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Luby's Inc.: Shareholders Re-Elect Board Supported by Management

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Shareholders of cafeteria operator Luby's Inc. re-elected a slate of board candidates backed by management over one favored by an activist hedge fund, according to the company's preliminary vote count. Ramius Capital Group LLC, a hedge fund founded by former Shearson Lehman Chief Executive Peter Cohen, contended that its four director nominees would bring a restaurant experience to Luby's board.