Clearly the lack of investment this company needed. Imagine where stock price would be if all of the buybacks were instead invested in supply chain... BC amd the board need to go. Now.
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http://www.cnbc.com/2016/09/21/target-announces-5-billion-share-buyback-program-declares-quarterly-dividend.html
Finished the $10B buyback in fiscal 2016.... here's another $5B in the works... I wonder how much more competitive we'd be with Amazon had we invested $15B in supply chain...
$7B in new CAP over next 3 years to save Tgt is only $1B more than normal. That doesn't seem like any real urgency to me. The $10+B squandered on buybacks is...sad.
The ANNUAL performance stock options for our C-suite crew are NOT granted at 0$. They are granted at the current market price when the grant is given.
The 0$ grant(s) price given that has been posted for the CEO was part of the Contract he was offered from Target when he was hired. That is also public information and the specifics were widely reported. 0$ grants have been issued to new board members and new officers upon their hire. Again, grants not options,
Here's a snapshot of activity http://finance.yahoo.com/quote/TGT/holders?p=TGT
Kyq - you are right. Would you please tweet that info to your followers and liberal news orgs so they can hear "reality". Some people follow Target CEO like a cult due to social issues and don't understand it is all reall money he gets.
BC does not purchase shares, like you peasant or even others on the board for that matter, they get them distributed at 0$.
They also haven't sold anything since mid 2016. This is public information and without some conspiracy, you should educate yourself before you spew your stuff.
http://biz.yahoo.com/t/27/6327.html
OUCH, BC and team thought those buybacks would lead to giant gains in their options...oh it s---s to be them....except many already cashed them out. I wonder how they knew things were ready to tank before they sold????