BC has crushed employee motivation at Target. Everyone just goes through the motions. There is no energy in the company and he will not be able to fix what he broke. Treated team members like a number during layoffs. People know he is not as smart as he pretends. Sales will not improve until team members want them to, once he is gone.
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I had worked for target for 15 yrs , I quit a year ago due to the lack of experience with the new store mangers they are hiring and other management staff ,coming in rude and disrespectable to the team members who help make Target what it was , and now the are worst than Wal-mart ...
So flip this around.... Targets not growing, the segment seems to be going south in general and your worried that the CEO is hurting moral???? Seems like no one is going to win here long term. I'd spend a little more time on my resume and get out of dodge.
oh common, he's exercising daily in his corporate gym overlooking the foshay, that's gotta count for something.
I didn't say he broke it, said he has not and cannot fix it. He has had over two years and nothing is better and in many cases worse, except expense line, stock buybacks, etc....NO GROWTH, which should be what he is judged on as CEO.
LHUjovV: targets been "broke" for years. Once TGT stopped growing significant store count each year the problems came front and center: guest count has been slowing declining since the mid 90's it was masked by growth. Failed pharmacy, grocery, Canada etc were devised to attract guests. Poor execution and lack of imagination is what's killing Target. If blaming this on BC makes you feel better so be it, but it's an old problem. Blaming BC for it and the consequences it's produced is childish
BC may not have been responsible for breach, Canada, etc... but he also has done nothing right. He is not CEO material, company is shrinking under him and he has no answers. Just booted his key innovation projects and teams. He is maybe at best a COO, but lacks people skills or empathy even for that job.
Did BC make a massive expansion into Canada that was losing millions a day? Did BC let staffing levels bloat to ridiculous ineffective levels that rewarded internal promotions of cool aid drinking yes men/women?
BC is incompetent, but he can't go, not yet. He's like too big to fail. The board brought him in to fix things, and after selling off and gutting off all he's managed to do in 2 years is keep the stock price neutral. The board can't let him go because it would show that they're fully incompetent and there would be a free-fall of the stock and investor actions against the board. This would be two CEOs in a row under the boards watch that didn't pan out.
So, the only thing he's got left to do is cut cut cut and hope the investors like that enough for the stock to bounce back somewhat before he can part. Until then, or if that doesn't pan out, the captain is going down with the ship.
I actually really liked JM when he was filling in. He's already running half the company but I don't think he wants to be a full time CEO
To be fair, Gregg crushed morale, but BC drove it irreparably into the ground.
Absolutely. He must go. There are lot of other folks in the leadership who needs to leave too