1126
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's mostly "here's some bad stuff happening to someone I don't like" so it's a bunch of schadenfreude.
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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.
When you put it that way, that's fucking insane. $2 million in retirement plus having my house paid off has always been my retirement goal. Granted, by the time I reach that goal, inflation and the cost of living will probably make that not enough.
Still, to think this asshat makes that in less than 2 weeks is fucking ridiculous. Like why even work at that point? I realize "work" for a CEO is mostly golfing and expensive dinners, but still...
$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.
They tried to do twice a month and got their wires crossed.
That is exactly what I did. I'm not a maths person. So maybe me trying to do math in a internet comment section wasn't the best decision.
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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.
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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.
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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. 🤷
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Thats why you're not rich. You have to be monomanic to keep wanting more money
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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.
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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
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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."
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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!
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Still not enough. As someone who frequently shopped at Target, I doubt I'll ever go back.
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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.
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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
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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!
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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?
A good start.
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Not enough. We need more pressure.
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this post was submitted on 20 May 2025
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