Thread regarding Target Corp. layoffs

Target CEO out

NEW YORK (AP) — Target's massive data breach has now cost the company's CEO his job.

Target announced Monday that Chairman, President and CEO Gregg Steinhafel is out nearly five months after the retailer disclosed the breach, which has hurt its reputation among customers and has derailed its business.

The nation's third-largest retailer said Steinhafel, a 35-year veteran of the company and CEO since 2008, has agreed to step down, effective immediately. He also resigned from the board of directors.

by Anonymous8957
| 501 views | | 6 replies (last May 21, 2014) | Reply
Post ID: @OP+vs7Nokg
Comment! It's anonymous!

6 replies (most recent on top)

He was retarded anyway, what a waste of time and resources, he could not lead a high school basketball team

by Anonymous10413
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Post ID: @g5dY+vs7Nokg

Only $9 Million? Yeah he got the boot - most Golden Parachutes are at least $10 Million...

by Anonymous9010
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Post ID: @1hhO+vs7Nokg

I doubt there's a lot of laughing. Nobody, regardless of how they are paid, likes to be "encouraged" out the door. Although if the proverbial door is to hit his backside ... I'm sure the blow will be softened by the wad of cash.

by Anonymous8984
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Post ID: @na4+vs7Nokg

http://www.bizjournals.com/twincities/news/2014/05/05/how-much-is-target-paying-ceo-gregg-steinhafel-to.html

Target paid him $23 million in 2010, $19 million in 2011, and $21 million in 2012 so the $9 million severance pay is actually not a lot of money for him.

by Anonymous8971
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Post ID: @ktF+vs7Nokg

He's done, set for life, he and his family, and probably next 3 generations. For the rest of us: CLOCK IN, CLOCK OUT til you die

by Anonymous8967
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Post ID: @FWR+vs7Nokg

he received his golden parachute, $9 million. He's probably laughing his way to the bank.

by Anonymous8960
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Post ID: @nGM+vs7Nokg

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