2mo ago

After donating $1m to Trump and axing DEI, Target CEO watches his salary get chopped in half by tariffs and angry shoppers

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1mo ago

After donating $1m to Trump and axing DEI, Target CEO watches his salary get chopped in half by tariffs and angry shoppers

sinhalaguide.com /target-ceo-trump-dei-backlash-paycut/

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2mo ago

After donating $1m to Trump and axing DEI, Target CEO watches his salary get chopped in half by tariffs and angry shoppers

sinhalaguide.com /target-ceo-trump-dei-backlash-paycut/

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2mo ago

After donating $1m to Trump and axing DEI, Target CEO watches his salary get chopped in half by tariffs and angry shoppers

sinhalaguide.com /target-ceo-trump-dei-backlash-paycut/

166 comments

He still “earned” 753x more than the median Target salary. Crushing, I am sure. How will he ever survive?
I'm not sure that there's any aspect about this news that's truly "uplifting".
- Not even the slightest uplifting.
  Stock holders and owners are probably dictating these changes. Not the CEO alone.
  
  It's not uplifting. Almost nothing in this c is.
  
  It was dictated when his pay package was approved by the board. Since they haven't shitcanned him they must not be too disappointed or not willing to pay for his exit package.
Cornell, who has led the Minneapolis-based retail chain since 2014, received $9.9 million in total compensation for 2024, an 87% drop from his 2020 peak of $77.5 million.
What the actual fuck? Why are humans being paid $10m A YEAR, let alone over $75m?!
- I love breaking down these huge salaries into 2 week chunks because I think it brings the disparity into perspective more for people since most of us get paid 2x a month.
  For $75 million that is a twice a week paycheck (I know CEOs don't get paid this way) of $3,125,000!
  That's the total of 1000 employees 2 week paychecks if they all made ~ $40 an hour
  
  What it must be like to be able to retire after your onboarding seminar.
  
  $75,000,000 ÷ 26 = $2,884,614
  $2.8 million every 2 weeks, not $3.125 million twice a week.
  The reality is bad enough without exaggeration.
  
  wait, where in the world is it common to get paid twice a month? we got rid of that in like the 70s...
  
  Twice a week would be 700k
Wanna hate this guy even more:
He was so old, he couldn't actually be Target's CEO and the board had to make an exception to let him continue working there. What was that about DEI?!
Back in the COVID years when Target was doing gangbusters, they "adjusted" their bonus expectations and gave everyone who worked their peanuts while having the third best year on paper.
Target has been secretly laying off entire teams every month and offshoring, just under the limit to not actually have to announce it publicly.
Source: a buddy of mine who works there that's super pissed, but won't really leave because he makes $200k/yr. He's riding till it dies.
- Likes DEI when it suits, it seems.
  
  It's always "Fuck you, I got mine." All these white women that complain about DEI despite being the ones that benefited the most from DEI are just stupid.
- What kind of work does he do for them for 200k?
If I had $9 million dollars I would be done. That's line a six figure annual salary if you put it in the safest of safe investments.
Rich people suck
- If I had $9 million dollars I'd buy nine green dresses but not real green dresses, that's cruel.
  
  I'd buy all the fanciest ketchups. Dijon ketchup!
- You need enough capital that you can make enough in capital gains and dividends to live off of in a 4% down year.
  Most people in this country could live off of $2,500,000 if it's stashed in an index fund. $9,000,000 is more than anyone ever needs.
  
  You can get 4% from a high yield savings account. That's insured. That's still $360,000 a year (taxed as income). You don't need to expose yourself to a lot of markets and "down years" . I mean, if the us government collapses and insured accounts are lost we all have bigger problems.
  At 2.5mm you'd still be fine at 4%. Six figure salary for doing jack squat.
  Of course, not everyone can budget and they might burn into their principle. But, like, don't do that. 🤷
- Thats why you're not rich. You have to be monomanic to keep wanting more money
  
  Most of getting that rich is choosing the right parents.
- 9mil is only a abay yacht, gotta get a bigger yacht!
The only bit of the title I can fully get behind is this:
Target CEO.
Target CEO 🎯🎯
Greedy pricks like this should live in fear.
Go woke or go broke.
- Go fash lose cash.
Target’s CEO pay ratio now stands at 753 to 1, with median employee pay at $27,090.
Oh no, only a few hundred million a year instead of all the millions a year? Devastating
- Guarantee this prick is furious over this, don't worry. Like, probably even more upset than you or I would be for getting fired unfairly. These people have their entire identity and ego wrapped up in this stuff, their brains are broken.
- He can only buy one yacht and winter home in Aspen this year. How sad.
Target was one of few department stores I actually felt okay about. They hadn't done anything particularly terrible, even what scandals I did find seemed to have nuance to them. Then they decided to wage war on minorities - sorry, "DEI", and I called them to specifically say I'd never shop there again.
I didn't bother to state "unless", but I'd be okay with returning to them if they turn out to fire the people responsible for the move.
- seriously; it was a phenomenal misreading of their demographic. do they not realise how much lesbians love to shop at target?? i haven't been in once anymore since then.
  
  a phenomenal misreading of their demographic
  There was a recent yt vid about how much data they have about their customers, including that one story from years ago about how their data showed that one of their customers was pregnant so they sent her coupons for maternity stuff-- turned out it was a teen who hadn't told her parents and it blew up. Misreading their customer base with so much data was a fuckup of epic proportions.
  https://www.youtube.com/watch?v=lPVSj9rcK-E
  edit: looks like this already got linked earlier in this thread
- Same for our family. To be clear I saw their "inclusivity" for what it was, but I'll still reward that over its absence, because I want to see more of it in the world regardless of motivation. My wife was all in, the stereotypical Target-loving mom who liked them a LOT and would visit sometimes just to kill time between other things.
  But she has principles, so she hasn't shopped there since all this stuff, and we won't be going back.
  Folks, give your money to Costco! There's no ethical consumption under capitalism, yes, but Costco has been a standout in the industry just for how they treat their employees, for a long time now, probably decades by this point. And they read the room wisely (or just actually mean it, but probably not) and vocally retained DEI efforts.
- Straight guy here who worked at Target for 8 years. Used to stop by every week, haven't been back since. It's not just the anti LGBT stuff. It's the fact they were pro DEI and LGBT and then went back on their stance. They have zero integrity. They bend their knees to terrorists. If they had just not sold pride stuff the entire time I probably wouldn't have cared.
Target’s CEO pay ratio now stands at 753 to 1, with median employee pay at $27,090.
I found the problem!
- So every single day this guy makes TWO YEARS of wages for his median worker. Every year on the job, he makes over a DOZEN LIFETIMES of wages for the median worker at his company.
  Seeing the hundreds-to-one ratio shows that there's a big difference, sure, but mapping that to the time comparison really puts it into perspective. Kind of like how a million seconds is 11 days and a billion seconds is 31 god damned years.
  It's never going to be a surprise that the head of a company gets paid more than the other employees, but let's not pretend that their ridiculous compensation is "what I earned" versus "what I could get away with."
  
  But someone will tell me that Us v. Rich people isn't the only battle that matters. Literally everything gets easier to face if we just eliminate the battle we have with rich people.
  
  Yeesh, you're exactly right that this is the right way to think about it and thank you for pointing it out that way. Absolutely disgusting, I can't believe we all allow this. I'm pretty fuckin good at math and those timescales and numbers are just not intuitive, I'm always surprised with figures like these, even though I've seen em before. If people knew, really knew this stuff, I have to believe it would change.
  Anyone "earning" like this while the people (and their families) propping up these fiefdoms sacrifice and struggle the way they're forced to - anyone doing so is de facto amoral. I'd go so far as to say deserving immediate death, no further evidence needed.
  But maybe that's the 4 beers my old ass had tonight making me feel spicy, lol.
Still not enough. As someone who frequently shopped at Target, I doubt I'll ever go back.
- Walmart has better deals.
  I don't take people seriously if they complain about not having enough while shopping at places like target.
  
  Shop at a local hardware or grocery store. Even if it's a fucking chain grocery store, you're doing more for your community than shoveling money into walmart.
  If you don't care what happens to your community, you have no right to complain about how shit your community is.
Oh no! His salary was slashed 50% to only $9M?!?!? How does the poor dear survive?
Most of us survive on less than 1% of that. Yay! We're One Percenters!
- Target’s CEO pay ratio now stands at 753 to 1
  That oughta teach him!
- Oof
Would be nice if he lost it all
- Ay, old Chico is my jam. Haven't had it in a minute. I just looked it up and Total wine and more has it. I might have to make a journey to go get it. Haven't had it since I lived in the city of trees.
Wait until they see a guillotine rolling up the street
- I personally prefer to buy my guillotines from Costco rather than target.
- I prefer public caning so everyone can get a whack.
meanwhile costco traffic doubled :)
I closed my target account when they pulled this crap. Shopping Costco and thrifting only now. No walmart, no amazon either.
- Amazon has sucked for at least a decade. It was a solid base idea. But they don't give a fuck about the consumer.
They didn't heed the warning of Pillow Guy's demise. There many big US businesses that are going to hurt badly in the coming months and years - all thanks to their support of Trump. It's wonderful.
Didn’t target boost prices leading to record profits during the pandemic? Seems like balance is returning to the world. Perfect time for some tiny violins
- Boosting prices sounds awesome! Like boosting my back and my knees.
  
  Or that guy that boosted my car stereo. 🤬
For those of you not aware of Target's recent troubles, here is an astrophysicist explaining why they suck. : https://www.youtube.com/watch?v=lPVSj9rcK-E With data!
- I was not expecting to watch a nearly 1hr video but damn does she bring receipts.
- I love Angela's take on billionaires wanting to be physicists.
I saw CEO and chopped in one sentence and I thought the guillotines have finally come out. It's a good start, I guess.
Neat! Hope he loses even more!
What do you call fifty multi-millionaire CEOs at the bottom of the ocean?
Not enough. We need more pressure.
oh no. anyway.
Just to put $10 million a year into better perspective: that is ~ $833,000 per month or ~$208,000 each Week! for one year
- To break it even further down: that's $5200/hr or almost $87/min -- over $1/sec to be CEO there
  Can you imagine how many rounds of interviews he had to go through to get the job? 🤪
  
  With CEO's it's generally the company that seeks them out. He likely wasn't interviewed so much as courted.
Dude looks like an older Lee Mack
- Sure, but people like Lee Mack.
The SOB is not hurting and he should have been given the Target median income for fucking up.
Article title sounds like an a abusive relationship.
I can think of other things this guy could use chopped.
Really painted a target on his back, didn’t he?
- I see what you did there...
Keep axing and I bet the situation will improve for everyone.
Is he getting paid stocks now?
- He’s getting tips
Salary removed by moderator.
lol. That is all.
misleading title at best

166 comments