Posted on 05/01/2017 12:44:54 PM PDT by Oldeconomybuyer
Target Corp's Chief Executive Brian Cornell took a sharp cut in compensation after the company failed to meet financial goals in a year marred by declines in sales and share price.
Cornell's cash-and-stock compensation fell by nearly a third to $11.3 million, according to a document filed with regulators two months after the company reported results that sent its stock tumbling to 2-1/2-year lows.
In contrast, bigger rival Wal-Mart Stores Inc gave CEO Doug McMillon a 13 percent pay hike, following strong sales performance at the world's largest retailer.
CEOs of department store operators Macy's Inc and Kohl's Corp also received pay hikes, as they met at least one of their intended operational targets for the year.
While the pay of Kohl's CEO Kevin Mansell rose 2.7 percent for 2016, Terry Lundgren, his counterpart at Macy's, received a 15.3 percent hike.
(Excerpt) Read more at reuters.com ...
You can use any bathroom you like, but your pay just tanked.
You can use any bathroom you like, but your pay just tanked.
The others didn’t throw their stockholders to the wolves for silly social issues.
I wish someone would punish me with 11.3 million dollars!
Hey CEO, what use is money compared to the awesomeness of sharing the bathroom with 6 year old girls?
Wow pay cut to $13 mill-oh the agony. Need to take all the partitions out of all the anything goes bathrooms-maybe that will get the paying public back.
In a closed business one can go to the bathroom pretty much anywhere they want but they could now be arrested for trespassing.
The Board of Directors and shareholders should have cut it to ZERO!
$11.3 million for being an abject failure.
What a country!
(Google “Peter Hollis”....I believe he took five retail chains into bankruptcy, and got a big golden parachute
every time)
Glad I helped tank target :)
Geesus. How is his family suppose to live on that?
Coming to Fox New next year.
Don care if target goes out bidness.
Not going to shop there.
Don care to have bathroom problem.
ML/NJ
The only reason he wasn’t fired is that he’s gay and it wouldn’t have been politically correct. Any straight CEO would have been out after one, or at most two, declining quarters.
Go figure
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