Archived I guess he got an O

[tgtfla]

Target CEO Gets Nicely Compensated for Comeback Year

 

[Kartman]

 

[Deli Ninja]

His base salary more than doubled!

Target's sales in 2015 rose 1.6% from a year earlier to $73.8 billion and operating profit rose about 37%

Yeah, because hours have been cut to the point that stores can barely function! Leadership keeps telling us that sales were down last year (which is why hours are WAY down) and yet...

 

[Kompa]

Orgasm

 

[redeye58]

Know a lot of TMs who worked two jobs & STILL qualified for foodstamps.
Dafuq?!

 

[commiecorvus]

This is wrong on so many levels.

 

[Kartman]

I don't get their logic...

 

[Kartman]

 

[redeye58]

"We don' need no steekin' LOGIC!"

 

[Kick Shot]

Maybe Spot can update their paper cups now. Hmmm what's 5% of 73.8 billion? Donated to communities, hell they should take half the donation money and pass it to their members!

 

[garbage]

His base salary more than doubled!

Yeah, because hours have been cut to the point that stores can barely function! Leadership keeps telling us that sales were down last year (which is why hours are WAY down) and yet...

Lots of new CEOs do this to cheat the system. They get into the position and quickly slash spending like crazy in order to quickly increase profits. Shortly after, they cut and run (with a large fat bonus), then leave the company to sink. Cornell could be like this, because he's never stayed with a single company for more than a few years.

 

[KingBear]

EAT THE RICH

 

[mrknownothing]

He reminds me of Dennis Moore.

He steals from the poor, and gives to the rich........stupid bitch.

 

[commiecorvus]

EAT THE RICH

 

[Deli Ninja]

That's Teal'c at the beginning of that video, isn't it?

 

[NPC]

Welp, I'm going to increase my fiber intake JUST so I can take an extra poo break while on the clock. Target will pay me to shit.

 

[Motorhead]

Motörhead rules!

 

[Redzee]

That's Teal'c at the beginning of that video, isn't it?

Just before he hit the gym

 

[Redzee]

Lots of new CEOs do this to cheat the system. They get into the position and quickly slash spending like crazy in order to quickly increase profits. Shortly after, they cut and run (with a large fat bonus), then leave the company to sink. Cornell could be like this, because he's never stayed with a single company for more than a few years.

I smell a Steinhafl.

 

[dannyy315]

Most of the money was from stock options. When you're running a big company, you get that luxury.

 

[Retail Girl]

Most of the money was from stock options. When you're running a big company, you get that luxury.

Yes, but his base pay still went up 50%.

 

[dannyy315]

Yes, but his base pay still went up 50%.

That's a bit extreme, but profit rose by 37% which is impressive.

 

[Retail Girl]

That's a bit extreme, but profit rose by 37% which is impressive.

Yeah....but, how exactly did profits rise? Were people spending more money or were employees hours cut?

 

[Deli Ninja]

Cornell's base salary was $1.3 million, an increase from $595,000 in 2014.

That is slightly more than a 100% increase in base pay.

in 2015 ... operating profit rose about 37%

Correct me if I'm wrong but I'm assuming that is includes hour cuts, of which there were a TON last year. This year, there are even more hour cuts going on... which will make Cornell look good next year as well. I almost want to start a betting pool on when this dude jumps ship with a golden parachute. Maybe next year, because we simply can't take much more in hour cuts.

EDIT: Too many commas.

 

[Retail Girl]

That is slightly more than a 100% increase in base pay.

Correct me if I'm wrong, I'm assuming that is includes hour cuts, of which there were a TON last year. This year, there are even more hour cuts going on, which will make Cornell look good next year as well. I almost want to start a betting pool on when this dude jumps ship with a golden parachute. Maybe next year, because we simply can't take much more in hour cuts.

Whoops. Clearly I cannot math today.