- 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.
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 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.)
Was capitulating to the MAGA Nazis worth it, Brian?
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.
I think the worst part of these high salaries is that at a certain amount of money you start paying off even big stuff pretty quickly. Working class people are so used to the idea that they will always have a rent payment or will, as far as it matters, always have a mortgage payment and/or car payment floating around. The ultra wealthy pay all that shit off right away and then continue having these sky-high yearly incomes.
His pay got cut in half, sure, but his life didn’t even need to change at all. They cut his salary in half and he didn’t even feel it.
Must have been a difficult decision for him to downsize his yacht to the slightly smaller one.
I know you people in the middle and lower classes don’t understand, but this poor man now has to pull up to yacht club in a smaller boat, and he will only be able to afford 3 additional vacation homes this year. For you plots, that’s like… showing up to a team meeting without a Starbucks cup and having a “coffee shop” cup, or going to work and pulling out a bagged lunch instead of going out to eat. Think of how this will impact his mental health and his social status. Smh.
Oh you sweet summer child. They never downsize, they just close a store and lay off staff to compensate.
Ahhh…so sad. Only 9.9 million? How will he ever get by?
What a hero 😞🙏
target markets itself as a bougie version of walmart, but thier prices are much more expensive. its between walgreens and wf prices.
Aw, only $9.9M? 🙄 The boycott continues.
Cry me a fuckin river
Fucked around and now found out. Target lost all good will.
Get fucked
I’d get a tiny violin to play, but I don’t shop at Target.
