Target CEO Brian Cornell’s pay declines 45% to $9.9M
Target CEO Brian Cornell’s pay declines 45% to $9.9M
Target fell short of financial performance and shareholder return goals over the previous three years limiting equity award payouts.
- Salary: $1,400,000
- Bonus: $785,400
- Non-equity incentive pay: $1,538,320
- Other compensation: $596,391
- Value realized on vesting shares: $5,538,869
- CEO pay ratio: 753 to 1
- Median employee pay: $27,090
Poor him.
I would love to hear his justification of how he works 753 times harder than an average employee.
20 years ago I worked at Target. Holy shit, never again. The managers do not give a shit, at ALL.
The employees bust their asses stocking shelves, helping customers, running register (this at a time before self checkout), and doing literally everything to keep the store running.
As far as I could tell, the managers do about 1-2 hours of paperwork in their office, and spend the rest of the time going around yelling at every single employee for no reason.
One time we had a guy who wanted to return a VCR. Keep in mind 20 years ago is 2005. This VCR is at LEAST 10 years old, and very used. We don't even sell this VCR.
He has no reciept. No box. No remote. There was a porn vhs inside the vcr. He insisted the VCR doesn't work, is brand new, and wants a $300 refund.
I refused him, because, c'mon.
He asks for the manager. Manager comes over, I explain the situation in private. Then she goes and talks to him. He says I was being rude. Manager is yelling at me that I should have just processed the refund (despite the fact it goes against literally every policy).
So I just asked her "Ok, how do I do that?"
And she looked at me as if I farted. She says "What do you mean? Just scan the UPC, and ring it up!". So I asked "Ok, where is the UPC?" And NOW she had to admit we can't return it. Mind you, I already told her in private beforehand that he has no box and we don't even sell this VCR.
But now that we physically can't even start the process, she had to admit I was right. Which she then yelled at ME for being rude to HER.
Walked out that day. Fuck target, fuck working at target. Fuck those little letters on the register that say you're working too slow. Fuck the idea that every customer is always right. Fuck the idea that employees are worthless wage slaves. Fuck entitled managers. Fuck this CEO. I don't even care if he wasn't CEO 20 years ago. Fuck him anyways. Fuck billionaires.
He works 753 times harder at pissing off about half of the US by supporting fascists.
That's still $9.87 million too much
Facts. CEO of target should be like 70-80k per year. No extras. No bonuses, no free stocks. Just the salary.
Unironically.
I'll give you 120k per year. Fair enough.
We can go lower. Say it with me.
Under nine thousaaaaaand!
Was capitulating to the MAGA Nazis worth it, Brian?
How about we lower it to $16,000?
I think the worst part of these high salaries is that at a certain amount of money you start paying off even big stuff pretty quickly. Working class people are so used to the idea that they will always have a rent payment or will, as far as it matters, always have a mortgage payment and/or car payment floating around. The ultra wealthy pay all that shit off right away and then continue having these sky-high yearly incomes.
His pay got cut in half, sure, but his life didn’t even need to change at all. They cut his salary in half and he didn’t even feel it.
I agree with comments on how he is still rich as fuck but he did earn 77mil in 2020 and now he’s down to 10mil.
Boycotts are working.
Progress is slow and it’s important to not give up at how slow it is, not that you are but I know it’s easy to get disillusioned.
Oh no.
Aw, only $9.9M? 🙄 The boycott continues.
Oh no! Not $9.9 million, what ever is Target CEO Brian Cornell going to survive!?
Ahhh...so sad. Only 9.9 million? How will he ever get by?
target markets itself as a bougie version of walmart, but thier prices are much more expensive. its between walgreens and wf prices.
for decades the value proposition of target was "walmart for people who don't want to deal with walmart"
then target got it in their heads they could leave their prices where they were and engage in the exact same evil as walmart. obviously we all didn't play along.
A peasant CEO. /s
Well, I guess he's not getting that fourth yacht after all.
What a hero 😞🙏
Fucked around and now found out. Target lost all good will.
Goodwill should lose that too.
We got 65% to go
Cry me a fuckin river
oh no! anyway
I'd get a tiny violin to play, but I don't shop at Target.
Jesus. Is he going to be okay?
LOWER!
coming home to roost the chickens are
Who starts the gofundme for this poor sod?
Poor bastard.
Thoughts and prayers