Steinhafel's severance will be bigger than severance received by 17,000 people working in Canada that are losing jobs. In short, they'll take home 61 million USD, while the Canadians (all 17,000 of them) will take home around 56 million USD. Now, try to make sense out of this? You have a person who failed miserably at anything he touched, security breaches, strategic mistakes, brand deterioration, store closures, lost market share, the Canadian debacle and he gets to take home more money than an army of hard working people. What's going on here guys, how did we get here, where are shareholders, where is the board, where are shareholder activities, where is government, this is all simply a big robbery?
17 replies (most recent on top)
AS I understand it, within that 56 mil (for Candada) is hidden part of Greg's severance. TGT won't break out the 56 to show where it's all going.
I like it here in Canada
If it bothers you that much coneto america and stage a Target boycott
What's the point of this thread? Is it going to change anything? No! So, move on
lots of trolling here
Let him be. Let him enjoy his hard earned millions.
This escalated quickly
Either way you cut it we are screwed, the big fish will gorge on fat golden parachute and we will be left in the dust picking crumbs. There is nothing we can do about it. That's how it works over here.
Can any thread here save our jobs?
We should sue him and ask for a refund. Get the money back and give it to people who were just let go.
I think we went of the topic here. What do you guys think about the issue at hand here?
10/10 this message thread devolves into a conversation that will not save our jobs.
What's wrong with being populist? Is it any worse than being capitalist? Or any -ist for that matter?
Capitalist or not, this just is not right. I never knew this.
let's not get all populist elizabeth warren here.
Haha - as if calling it capitalism somehow makes it right.
This is called capitalism, that's how it works, markets determine prices, and in this case the market said that he'll be paid more than 17K workers. Get over it.