What a hero 😞🙏
I agree with comments on how he is still rich as fuck but he did earn 77mil in 2020 and now he’s down to 10mil.
Boycotts are working.
Progress is slow and it’s important to not give up at how slow it is, not that you are but I know it’s easy to get disillusioned.
Well, I guess he’s not getting that fourth yacht after all.
Thoughts and prayers
Ahhh…so sad. Only 9.9 million? How will he ever get by?
target markets itself as a bougie version of walmart, but thier prices are much more expensive. its between walgreens and wf prices.
for decades the value proposition of target was “walmart for people who don’t want to deal with walmart”
then target got it in their heads they could leave their prices where they were and engage in the exact same evil as walmart. obviously we all didn’t play along.
A peasant CEO. /s
Guess he’ll only be having 2 dolls instead of 10…
- Salary: $1,400,000
- Bonus: $785,400
- Non-equity incentive pay: $1,538,320
- Other compensation: $596,391
- Value realized on vesting shares: $5,538,869
- CEO pay ratio: 753 to 1
- Median employee pay: $27,090
Poor him.
I would love to hear his justification of how he works 753 times harder than an average employee.
20 years ago I worked at Target. Holy shit, never again. The managers do not give a shit, at ALL.
The employees bust their asses stocking shelves, helping customers, running register (this at a time before self checkout), and doing literally everything to keep the store running.
As far as I could tell, the managers do about 1-2 hours of paperwork in their office, and spend the rest of the time going around yelling at every single employee for no reason.
One time we had a guy who wanted to return a VCR. Keep in mind 20 years ago is 2005. This VCR is at LEAST 10 years old, and very used. We don’t even sell this VCR.
He has no reciept. No box. No remote. There was a porn vhs inside the vcr. He insisted the VCR doesn’t work, is brand new, and wants a $300 refund.
I refused him, because, c’mon.
He asks for the manager. Manager comes over, I explain the situation in private. Then she goes and talks to him. He says I was being rude. Manager is yelling at me that I should have just processed the refund (despite the fact it goes against literally every policy).
So I just asked her “Ok, how do I do that?”
And she looked at me as if I farted. She says “What do you mean? Just scan the UPC, and ring it up!”. So I asked “Ok, where is the UPC?” And NOW she had to admit we can’t return it. Mind you, I already told her in private beforehand that he has no box and we don’t even sell this VCR.
But now that we physically can’t even start the process, she had to admit I was right. Which she then yelled at ME for being rude to HER.
Walked out that day. Fuck target, fuck working at target. Fuck those little letters on the register that say you’re working too slow. Fuck the idea that every customer is always right. Fuck the idea that employees are worthless wage slaves. Fuck entitled managers. Fuck this CEO. I don’t even care if he wasn’t CEO 20 years ago. Fuck him anyways. Fuck billionaires.
Target was my first job a few years after this happened to you. While my favorite is how nearly all retail will only give you 34 hours maximum so they don’t have to give you benefits, while also having you work a different shifts each day, with never two days off in a row, and that schedule is going to never be the same two weeks in a row- making it impossible to live a normal life or work a second job-
While thats so cool of these companies, Target is were my first cry and the hands of a customer happened. This white dude suit comes though my line, he’s with a young person, and he was buying basically out entire “back to school” (college) section. Hundreds of dollars.
His card declined. It didn’t just decline, it asked to call a number to get the transaction approved. I, as a teenager myself, tried to explain. This man berated me like no one ever did since to be honest. He pulled the “I make more money than everyone in this room combined”. He was mean.
My manager was really good about it when she came to help me. She even let me take an extra break after. Ill never forget that interaction. “What radicalized you”, this was one if them. Basic Human decency is free. What was he teaching that college aged kid in that moment? Why do some people tie money to whether or not you are a good person? I’ll never understand.
Anyway, about 7 months later I walked out due to this dumb bitch Amanda, power tripping square, who was just mad her crush liked me and not her. I didnt like him back, but she was targeting me for it. I said fuck this and fuck you to her face, and walked out mid shift.
Target sucks balls. I’ve never made enough money to shop there with any real consistency anyway.
so the family guy cutscene was accurate about target. where lois fratenizes with the target cashier lady, and the manager comes out and yells at her.
Yup, I worked there in the late 90s and this was my experience. Also, at the end of the night the managers would lock the doors and make us clock out and clean the store. I didn’t know about wage theft back then, but I did know what they were doing was wrong.
Might be too late for you now, but for everyone else reading, involve your state employment commission! I got all my back pay from an abusive restaurant owner (like a million years ago, apologies if these no longer exist or are just too dysfunctional to do anything anymore).
I was in high school, working like 50-60 hour weeks, and this lady thought it was fine to pay regular rates past 40. I sure didn’t! State employment commission didn’t either. Stole some water bottles full of Grey Goose on my way out, lol, then collected a cool few very well-earned buckaroos some months later.
Restaurant folded in a year. Turns out it was basically a gift from her successful husband anyway, lady was outrageous. As in, fuckin employees in the walk-in and stealing money from high school kids outrageous lol
Aaaaand just realized I’m old. I’m apparently the kinda guy who just tells stories about strangers to no one, from 20+ years ago, for no reason.
I’m apparently the kinda guy who just tells stories about strangers to no one, from 20+ years ago, for no reason.
Those are the best kind of stories and I’m here for them.
Welp…
Welcome to life as employee at any Big Box store.
With slight diff’s, they’re all cut from the same mold. (I’m ex-Home Depot emp…)
big box store managers don’t know that the full saying is “the customer is always right in matters of taste”
they legitimately think that “the customer is always right” is the full extent of making good business decisions. the average manager at one of these chains (and i’m switching terms here, because what i’m about to say applies to applebee’s, target, payless shoes, any chain at all, really) is a member of the karen class. they are entitled. they are dumb. they are petty. they are mean.
and these are the red hats in your community. the people who have inserted themselves into positions of power by being presentable enough for the people really running the business, the owner class, to think they can put someone that cruel in charge of their location and run a little fascist dictatorship for cheap. and none of this is new. this is the same Big Whites, Small Whites, and Workers setup that was present in early colonial north america. because that’s the system the owner class inherited their wealth from. they know it works for them because it’s been working for them. meanwhile the small whites are a mixture of thinking someday they’ll be the big whites if they resent and oppress the workers enough and people who know they have no upward mobility in the system but still perform the role of violent oppressor because they don’t want to risk sliding down the ladder into violently oppressed.
the plantation system in america has never really changed, fundamentally. it has just changed shapes. walmart, target, dollar general, none are so different from the mining companies’ company stores when you get down to it. klarna and afterpay are the new company scrip. i’m sure these things go back further into the plantation system, but my ancestors came here after the civil war. the coal wars was when they figured out how fucked america is. i’ve just pieced some of the puzzle back together with how the big whites, small whites, and workers relate to eachother. if you want to know more you’ll probably have to go outside and ask a black person how food was distributed in the plantation system. the only thing i do know for sure is that the modern thing, where white poverty and black poverty are different because black people are kept away from prepared foods, and white people are kept not affording the time to make meals and learning to cook is SUPER old. that’s been happening the entire time. whiteness has always been culturally dependent on someone else to make the food.
He works 753 times harder at pissing off about half of the US by supporting fascists.
A lot of it’s competition with other companies. If you can imagine good CEOs like football players. Do they do much besides play around with inflated leather? Not really. So why do they earn hundreds more times than a paramedic that saves lives everyday? A competitor will pay up if Target won’t, pushing Target out of the league.
That’s the justification. It’s sick, but that’s capitalism. Enjoy your sport!
Yeah but like… so what? Hire someone who’s good at the job for a reasonable rate. Let your competitors blow millions on high comp CEOs, and invest that money you saved in your business.
Except that’s a joke - it’s all a circle jerk where the ownership class pays themselves well.
If you’re good at your job, you’d ignore competitors offers of much more money to do the same thing but in a nicer chair?
No, I’m saying the board (or whoever hires the CEO) should pay less, and take someone qualified who would accept it. You don’t see software engineers making six million a year, because that’s not good value for the money. But as I said, it’s a joke- the rich have class solidarity like no one else. They look out for their own.
Most CEOs don’t produce much of value.
TBF, (American) football players risk increasing traumatic brain injuries and break their bodies to play the game. That compensation has to help them deal with the aftermath of that for the rest of their life.
CEOs… I dunno.
Well, CEOs do face the risk of meeting green-shirted plumbers, so maybe it’s just hazard pay?
I didn’t get hazard pay when dealing the irate, general public, so fuck em’. No harzard pay.
Ugh, the public. Most folks are lovely. Some folks want to ruin my day. Guess which one spawn camps the newspaper rack and/or reference desk. (I’m glaring at you, Ms. “Coughs On Everything” and Sir “Let me tell you about my childhood trauma, also the teens are too loud, and no I won’t sit further from the teen section while I make my video calls about how trans folk are liars”)
Source: my stint as a trans public librarian.
Iirc way too many football players go broke once they retire due them spending all their money living the “baller” lifestyle instead of saving/planning ahead.
The concussions probably don’t help with decision-making skills. But, it looks like there are schemes/systems in place to try and minimize the risk of poor financial planning: pensions, 401ks, and other benefits. I think that’s neat.
We can go lower. Say it with me.
Under nine thousaaaaaand!
Oh no! Not $9.9 million, what ever is Target CEO Brian Cornell going to survive!?
Was capitulating to the MAGA Nazis worth it, Brian?
Oh no.
That’s still $9.87 million too much
Facts. CEO of target should be like 70-80k per year. No extras. No bonuses, no free stocks. Just the salary.
Unironically.
I’ll give you 120k per year. Fair enough.
CEO pay should be a % of total employee compensation. Want to earn more? Gotta raise pay or benefits for all other employees. Need to lay people off? Do what you need to do but you made the pie smaller so your compensation goes down.
This is actually supported in the scientific literature as we know that once the pay disparity between leaders and employees goes over a certain threshold it starts to decrease basically everything for employees from wellbeing to basic productivity (I know the citation but not home and lazy to send it). Problem is most organizations don’t actually really want to make good effective workplaces that are good for everyone as they only want to benefit the people on top in the short term.
Do you know the ballpark of the disparity threshold where this becomes detrimental?
Yeah I’m doing work today so I can get you the exact figure. So this is kind of a composite of different research as we have two points here:
- heightened pay disparity leads to all the outcomes I described earlier (Wilkinson, R. & Pickett, K. 2020; Bloom, 1999; Bloom & Michel, 2002)
- research assessing what this level of disparity looks like in companies for CEO pay (n= 55,238, 45 countries sampled) shows that individuals roughly find justifiable pay should be between 5-10x the lowest paid employee. So if you have your lowest paid employee making 75k the CEO should only make a maximum of 750k to keep a level of perceived equity. (Kiatpongsan & Norton, 2014)
This would incentivize paid CEOs that lack equity to hire more people and fire fewer people, even if it wrecked the business. Sometimes businesses need to decrease the employee headcount if revenue is declining or they won’t be able to pay anyone. I understand your desire to be more inclusive and have less pay disparity, but the best way to do that is with taxing the ultra wealthy and giving a certain amount back to the lower classes rather than actually try to alter market forces that would result in unusual inefficiencies and problems. A big reason why we have capitalism is to make sure things like food and other essentials are supplied In sufficient quantities. I am not in favor of unregulated unchecked capitalism, but the idea that we can pay CEOs more as wages go up for everyone in the company is an idea that only will work well with smooth sailing. Any rough waters and that idea won’t make sense. (This post is not condoning extreme poverty which is due to the poor policies of many elected leaders.)
What is he supposed to buy with less than ten million, a smaller yacht? Excuse me, but I thought this was an oligarchy!
