Originally it was reported Target's board of directors was able to slash Steinhafel's compensation on his way out, but upon further review, his stock options, 401(k), and pension pumped the golden parachute up to a whopping $61 million.
On top of that, current CEO Brian Cornell could make up to $16 million in his first fiscal year on the job, according to the Business Journal.
How many jobs could $77 million have saved?
77 millions? How much money does one person needs? 2 employees get a total of 77 millions and yet thousands are laid off? It just doesn't make any dollars and cents to me? Is two CEOs worth that "much" more than the collective whole of Target?..the wealth gap's astronomical..If you laid off all of these people, who are left to buy your stuffs?....
We should have really shopped around for a bargain CEO. Someone with short pants, who wears a handkerchief on top of his head. THEN we'd see some progress.
Seriously, Gregg was the worst, but there's no getting that money back now, so why discuss it? WHAT IF KATHEE COULD FLY AND SHOOT LASERS FROM HER FINGERTIPS? IMAGINE HOW GREAT IT WOULD BE THEN. WHAT IF WE COULD TURN RED POLO SHIRTS INTO GOLD IMAGINE HOW MUCH MONEY WE COULD ALL HAVE. Except not. So stop. It's not how the world works.
With all due respect, your post is nonsense. If only the ceo worked for free, more unnecessary jobs could be saved? "Distributed rationally"? Must be a union guys. Just. Stop. This whole thing sucks bad enough without getting cartoonish.
I feel amazon is going to deep fry Target and have it for a snack soon.
Yes I agree.. Only if that money was rationally distributed amongst the folks who are really affected?