Target’s CEO pay ratio now stands at 753 to 1, with median employee pay at $27,090.
I found the problem!
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Target’s CEO pay ratio now stands at 753 to 1, with median employee pay at $27,090.
I found the problem!
So every single day this guy makes TWO YEARS of wages for his median worker. Every year on the job, he makes over a DOZEN LIFETIMES of wages for the median worker at his company.
Seeing the hundreds-to-one ratio shows that there's a big difference, sure, but mapping that to the time comparison really puts it into perspective. Kind of like how a million seconds is 11 days and a billion seconds is 31 god damned years.
It's never going to be a surprise that the head of a company gets paid more than the other employees, but let's not pretend that their ridiculous compensation is "what I earned" versus "what I could get away with."
But someone will tell me that Us v. Rich people isn't the only battle that matters. Literally everything gets easier to face if we just eliminate the battle we have with rich people.
I like who we have to eliminate by extension
Oh no! His salary was slashed 50% to only $9M?!?!? How does the poor dear survive?
Most of us survive on less than 1% of that. Yay! We're One Percenters!
I saw CEO and chopped in one sentence and I thought the guillotines have finally come out. It's a good start, I guess.
Oh no, only a few hundred million a year instead of all the millions a year? Devastating
Guarantee this prick is furious over this, don't worry. Like, probably even more upset than you or I would be for getting fired unfairly. These people have their entire identity and ego wrapped up in this stuff, their brains are broken.
Wait until they see a guillotine rolling up the street
I personally prefer to buy my guillotines from Costco rather than target.
What do you call fifty multi-millionaire CEOs at the bottom of the ocean?
Still not enough. As someone who frequently shopped at Target, I doubt I'll ever go back.
He still “earned” 753x more than the median Target salary. Crushing, I am sure. How will he ever survive?
Keep axing and I bet the situation will improve for everyone.
Wanna hate this guy even more:
Source: a buddy of mine who works there that's super pissed, but won't really leave because he makes $200k/yr. He's riding till it dies.
Go woke or go broke.
Go fash lose cash.
I closed my target account when they pulled this crap. Shopping Costco and thrifting only now. No walmart, no amazon either.
Amazon has sucked for at least a decade. It was a solid base idea. But they don't give a fuck about the consumer.
The only bit of the title I can fully get behind is this:
Target CEO.
Target CEO 🎯🎯
Greedy pricks like this should live in fear.
Neat! Hope he loses even more!
Didn’t target boost prices leading to record profits during the pandemic? Seems like balance is returning to the world. Perfect time for some tiny violins
Cornell, who has led the Minneapolis-based retail chain since 2014, received $9.9 million in total compensation for 2024, an 87% drop from his 2020 peak of $77.5 million.
What the actual fuck? Why are humans being paid $10m A YEAR, let alone over $75m?!
I love breaking down these huge salaries into 2 week chunks because I think it brings the disparity into perspective more for people since most of us get paid 2x a month.
For $75 million that is a twice a week paycheck (I know CEOs don't get paid this way) of $3,125,000!
That's the total of 1000 employees 2 week paychecks if they all made ~ $40 an hour
meanwhile costco traffic doubled :)
I'm not sure that there's any aspect about this news that's truly "uplifting".
Target was one of few department stores I actually felt okay about. They hadn't done anything particularly terrible, even what scandals I did find seemed to have nuance to them. Then they decided to wage war on minorities - sorry, "DEI", and I called them to specifically say I'd never shop there again.
I didn't bother to state "unless", but I'd be okay with returning to them if they turn out to fire the people responsible for the move.
seriously; it was a phenomenal misreading of their demographic. do they not realise how much lesbians love to shop at target?? i haven't been in once anymore since then.
If I had $9 million dollars I would be done. That's line a six figure annual salary if you put it in the safest of safe investments.
Rich people suck
The SOB is not hurting and he should have been given the Target median income for fucking up.
They didn't heed the warning of Pillow Guy's demise. There many big US businesses that are going to hurt badly in the coming months and years - all thanks to their support of Trump. It's wonderful.
Target’s CEO pay ratio now stands at 753 to 1, with median employee pay at $27,090.