Search the Community

The good thing about modern so called "free enterprize" is that if you've got enough money or you are well enough connected with the upper echalons of corporate power, you only fail upwards when you screw up! Exhibit A: Target's package for ex-CEO matches package for all 17,600 Canadian workers Target’s "employee trust" package for its Canadian workers, announced last week, amounts to $70 million ($56 million US). It’s designed to provide each worker with 16 weeks of pay. Target Canada's liquidation will begin in 2-3 weeks Target's launch into Canada 'a multifaceted failure' Depending on who’s doing the calculation, the golden handshake handed to ex-CEO Gregg Steinhafel last May is in roughly in the same ballpark. Fortune Magazine put the value of his total "walk-away" package, including stock options and other benefits, at $61 million US, including severance of $15.9 million. 60 million+ Now that ought to keep the lights on when he moves back home and ponders whatever executive opportunities await him....where he can fail next, and cost thousands their jobs!