Your email was so transparent. Selflessness? REALLY? How about you show some selflessness and take a 50% pay cut? You would still make millions, but you would at least practice what you preach. You would be putting "Target before Team" as you say yourself is needed to keep target afloat. Why wouldn't you do this for target unless either you do not believe what you say, or you do not consider yourself part of the team. I'm guessing you won't because you and your board obviously feel the only "team" that needs to sacrifice for target is the worker bees. No one, including long term stock holders think you and the board are legit. Don't believe me? Why not send a flunky to the trading floor and let them bring you back the news. This stock price is something short term and you, i and the investors know this. You cannot promote a strong company by destroying employees jobs, their families and their communities. Would you be surprised to think of your employees, their friends and family as Target Guests? Piss them off and see how social media spreads. Since you were not at pepsi or any other place very long I'm guessing you will dip out just before the stock plummets, but hey, no one expected anything more from you except short term investors. This company has turned from Gold to lead. AND TO THINK YOU DISCOVERED REVERSED ALCHEMY!!! invest in that
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Time for him to start preparing hos 3 letters
How funny is this? How true is the original post? Brian knows he's a short term ceo. The same board that threw Gregg (with 2 G's) under the bus will do the same to him. The original board voted the canada stores in. they voted to move forward. they failed. then THEY decided Gregg (with 2 G's) had to go. "THEY" are still there making decisions. WOW what a concept. "THEY" are the problem. Brain prepare to be the scape goat when investors realize this stock isn't worth 60 bucks a share. Ive heard too many of your team unsatisfied to allow my investors to spend their money in tgt stock. Pissed off employees equals bad investments. When the board leaves I will reconsider. In the sake of the original poster, "selflessness" should involve the culprits of the canada failure (the board) to leave or be forced out. My investors and I are ready to make some real money.
Competitors that are also strongly cutting their bottom lines
Go ahead and invest long. The shorts are going to win out, the metris dont support long term growth. Im not the kind that believes a former executive from pepsi is going to change trends that justify a p/e of 2 times its competitors.
... and by overvalued, How does that translate through to the dead weight, cost cutting and layoffs that are occurring? By cutting costs and trimming expanses, earnings "generally rise"... EPS generally rises.... THUS creating MORE VALUE to the shareholder ... hmmm ... Good Luck with your over-valued thought.
As an ex-team member who left frustrated, I'm buying their new kool-aid -- and the discipline that the new leadership is bringing... Cut that fat and get back to No Nonsense Performance !! Go TGT !!
Dont get used to that price you guys are way over valued. If i was a betting man this is a good time to short target stock
All I know is when Gregg (with 2 G's) took over as CEO when I was there, the stock dropped.. and dropped steadily... and then tons reputation issues happened on his watch. Now, Since Board hired Brian, made a few tough decisions ... the stock has gone from $54 to $76 in 11 months. Those TGT Team member 'Life-ers' should thankful for reviving the 401k. Money talks people.
For those of us who were previously let go, what did the letter say?