topic Re: Target CEO Resigns in Community Chat

Target CEO Resigns

KathyPet — Mon, 05 May 2014 21:10:37 GMT

The CEO of Target has resigned after "Extensive discussions with the BOD". he was the CEO,during the data breach and evidently it was resign or we throw you out on your ear. Don't feel bad for him though usually these type of resignations are accompanied by a boat load of --$$$.

Re: Target CEO Resigns

MickD — Mon, 05 May 2014 21:12:58 GMT

It's too bad. I wonder how many other head honchos resigned? I would think the head of their IT department bit it too.....

Re: Target CEO Resigns

ahoymate — Mon, 05 May 2014 21:17:39 GMT

Greg Steinhafel

Re: Target CEO Resigns

DoneTryin — Mon, 05 May 2014 21:18:27 GMT

I'm sure he has a golden parachute to break his fall.

Re: Target CEO Resigns

Lipstickdiva — Mon, 05 May 2014 21:18:43 GMT

Neiman's had the breach as well. Wonder if their CEO will step down. And recently it came out that Michael's also had a breach that went on for a very long time before it was made public.

Re: Target CEO Resigns

ahoymate — Mon, 05 May 2014 21:19:46 GMT

On 5/5/2014 MickD said:
It's too bad. I wonder how many other head honchos resigned? I would think the head of their IT department bit it too.....

Beth Jacob, CIO, resigned months ago - March.

No sympathy from me for their resignations.

Re: Target CEO Resigns

KathyPet — Mon, 05 May 2014 21:19:50 GMT

AKA ""Falling on your sword""

Re: Target CEO Resigns

MickD — Mon, 05 May 2014 21:25:08 GMT

Thanks for that info skylands!