Target Stock 19% - CEO Parachute > $55 Million

[SteadyMercury]

and you can bet all their elected Democrats all have stock in target, Walmart, etc

And today's award for most feeble attempt at attacking a political party, with this lame tie-in, is awarded early today.

Congrats Stephanie, we knew we could count on you.

 

[Lonestar_logic]

Sorry

As an American, I can comment on any policy, corporate or government that I disagree with

Just because they "negotiated a contract" does not protect them from criticism. In this case that criticism is warranted

It may be warranted by those it affects. You just want to bitch and moan about it.

Your childlike "It is none of your business, so STFU" is laughable

But it isn't any of your business. You are not in any way affected by it. You see your fellow lib-idiots crying about it and you can't help but insert yourself in the whining fest. The CEO got himself one hell of a deal and we should all be so fortunate, but haters are gonna hate.

 

[Lonestar_logic]

It does if you are an employee who is being told they can't afford to raise your wages because profits are down

How is it costing them? They aren't lowering wages, are they?

Employees around the country are being told times are tough, work harder, accept lower pay and benefits.....all while millions in compensation is thrown at executives

You have evidence of this? If so, then let's see it.

 

[editec]

So much for the theory that CAPITALISM is based on MERIT, eh?

 

[Lonestar_logic]

So much for the theory that CAPITALISM is based on MERIT, eh?

He's done more to earn his money than most welfare recipients has ever done.

 

[SteadyMercury]

So much for the theory that CAPITALISM is based on MERIT, eh?

I'm not sure where you're going with this. I assume he's leaving because of the data breach incident, but he's been with the company for 35 years and has been CEO since 2008 when he helped guide Target out of the recession, their stock price has gone up almost 50% since then in a retail market that hasn't been kind to brick and mortar stores.

I'll acknowledge the fact CEOs seem grossly overpaid but for this guy it sure isn't as simple as looking at a single data breach incident and declaring his performance without merit.

 

[editec]

If you guys still do not see how classist this society is, this failed CEOs golden handshake probably will not alert you to that fact either.

He fails so he gets a sum = to 1100 years worth of the the pretax income of a median family of four

But hey that still makes sense to some of us, right?

Is our economic system a MERITocracy?

Nah!

Its obviously a PLUTOCRACY, citizens.

THAT's the economic system we have, citizens.

 

[rightwinger]

It may be warranted by those it affects. You just want to bitch and moan about it.

Your childlike "It is none of your business, so STFU" is laughable

But it isn't any of your business. You are not in any way affected by it. You see your fellow lib-idiots crying about it and you can't help but insert yourself in the whining fest. The CEO got himself one hell of a deal and we should all be so fortunate, but haters are gonna hate.

This would be a very boring message board if everyone minded their business

 

[Skull Pilot]

[youtube]qS7nqwGt4-I[/youtube]

 

[Lonestar_logic]

If you guys still do not see how classist this society is, this failed CEOs golden handshake probably will not alert you to that fact either.

He fails so he gets a sum = to 1100 years worth of the the pretax income of a median family of four

But hey that still makes sense to some of us, right?

Is our economic system a MERITocracy?

Nah!

Its obviously a PLUTOCRACY, citizens.

THAT's the economic system we have, citizens.

Makes sense to me.

He and his superiors negotiated and that's what the outcome was. Jealousy isn't a good trait.

 

[Lonestar_logic]

Your childlike "It is none of your business, so STFU" is laughable

But it isn't any of your business. You are not in any way affected by it. You see your fellow lib-idiots crying about it and you can't help but insert yourself in the whining fest. The CEO got himself one hell of a deal and we should all be so fortunate, but haters are gonna hate.

This would be a very boring message board if everyone minded their business

No actually it wouldn't. There are a lot of topics that affect us as Americans that's worthy of debate, this one is just a silly rant from an envious liberal.

 

[Brain357]

It may be warranted by those it affects. You just want to bitch and moan about it.

Your childlike "It is none of your business, so STFU" is laughable

But it isn't any of your business. You are not in any way affected by it. You see your fellow lib-idiots crying about it and you can't help but insert yourself in the whining fest. The CEO got himself one hell of a deal and we should all be so fortunate, but haters are gonna hate.

We keep hearing how if min wage goes up consumers will pay more. Well if execs are grossly over paid, consumers pay more.

 

[Skull Pilot]

Your childlike "It is none of your business, so STFU" is laughable

But it isn't any of your business. You are not in any way affected by it. You see your fellow lib-idiots crying about it and you can't help but insert yourself in the whining fest. The CEO got himself one hell of a deal and we should all be so fortunate, but haters are gonna hate.

We keep hearing how if min wage goes up consumers will pay more. Well if execs are grossly over paid, consumers pay more.

Then don't buy shit from companies you think overpay their executives.

It really is that simple.

 

[Brain357]

So much for the theory that CAPITALISM is based on MERIT, eh?

He's done more to earn his money than most welfare recipients has ever done.

So failure is worth millions now?

 

[Brain357]

But it isn't any of your business. You are not in any way affected by it. You see your fellow lib-idiots crying about it and you can't help but insert yourself in the whining fest. The CEO got himself one hell of a deal and we should all be so fortunate, but haters are gonna hate.

We keep hearing how if min wage goes up consumers will pay more. Well if execs are grossly over paid, consumers pay more.

Then don't buy shit from companies you think overpay their executives.

It really is that simple.

So don't buy anything? All companies are playing this rigged game.

 

[Skull Pilot]

So much for the theory that CAPITALISM is based on MERIT, eh?

He's done more to earn his money than most welfare recipients has ever done.

So failure is worth millions now?

A guy who has a batting average of .300 fails to get a hit 70% of the time yet gets paid millions.

Where's the outrage????

 

[Skull Pilot]

We keep hearing how if min wage goes up consumers will pay more. Well if execs are grossly over paid, consumers pay more.

Then don't buy shit from companies you think overpay their executives.

It really is that simple.

So don't buy anything? All companies are playing this rigged game.

Surely you can find someone to hand make your clothes and shoes. Or better yet make your own

Then you could sleep well knowing you didn't feed the corporate greed machine.

 

[Brain357]

He's done more to earn his money than most welfare recipients has ever done.

So failure is worth millions now?

A guy who has a batting average of .300 fails to get a hit 70% of the time yet gets paid millions.

Where's the outrage????

He doesn't have employees. CEOs say they can't afford decent wages and benefits for their employees while filling their own pockets.

 

[Old Rocks]

.
If my arithmetic is correct, ousted Target CEO Gregg Steinhafel's total compensation for blowing a hole in Target's stock will be $67.6 million.


Ousted Target CEO could collect $55M-plus

Gary Strauss, USA TODAY
May 6, 2014

Gregg Steinhafel may no longer be Target's CEO, but he isn't checking out from the discount retailer without a potentially big bag of cash, stock, pension benefits and deferred pay.

<snip>

According to Target's 2013 proxy, Steinhafel could receive at least $11.7 million salary and incentive pay, pension benefits worth over $1.2 million and over $42 million in deferred compensation. Steinhafel also had $12.7 million in restricted shares that would vest.

Steinhafel, who will remain as an adviser while Target transitions to a new CEO, is a 35-year company veteran who was named CEO in 2008. Predecessor Robert Ulrich left the company in 2007 with a far bigger golden parachute, including nearly $141 million in deferred pay.


<snip>
.

So what?

If you don't own stock in target it didn't cost you a dime.

Every time someone on welfare is shown to have defrauded the government of a few thousand dollars, the 'Conservatives' howl bloody murder. Here is a person that has defrauded the company he worked for of tens of millions of dollars, cost employees and shareholders many millions more than that in lost wages and lost share value, and they defend the asshole. Nobody should get a 'golden parachute' period. And profit share should be paid to an outgoing CEO only on the basis of the company not only gaining value during his tenure, but continuing to gain value after he leaves.

 

[Brain357]

Then don't buy shit from companies you think overpay their executives.

It really is that simple.

So don't buy anything? All companies are playing this rigged game.

Surely you can find someone to hand make your clothes and shoes. Or better yet make your own

Then you could sleep well knowing you didn't feed the corporate greed machine.

How does the right fight min wage increases which
benefit many, but support huge wages for CEOs that fail and benefit so few?