this post was submitted on 20 May 2025
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Uplifting News

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[–] frog_brawler@lemmy.world 37 points 2 days ago (1 children)

Target’s CEO pay ratio now stands at 753 to 1, with median employee pay at $27,090.

I found the problem!

[–] Zink@programming.dev 22 points 2 days ago (2 children)

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."

[–] Dozzi92@lemmy.world 9 points 2 days ago (1 children)

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.

[–] systemglitch@lemmy.world 1 points 23 hours ago

I like who we have to eliminate by extension

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[–] sturger@sh.itjust.works 39 points 2 days ago (2 children)

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!

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[–] kmartburrito@lemmy.world 19 points 2 days ago
[–] Randomgal@lemmy.ca 55 points 3 days ago (2 children)

Oh no, only a few hundred million a year instead of all the millions a year? Devastating

[–] PolarKraken@sh.itjust.works 19 points 3 days ago

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.

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[–] k0e3@lemmy.ca 18 points 2 days ago

I saw CEO and chopped in one sentence and I thought the guillotines have finally come out. It's a good start, I guess.

[–] Reygle@lemmy.world 32 points 3 days ago (2 children)

Wait until they see a guillotine rolling up the street

[–] muusemuuse@lemm.ee 9 points 2 days ago* (last edited 2 days ago)

I personally prefer to buy my guillotines from Costco rather than target.

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[–] Hayduke@lemmy.world 214 points 3 days ago

He still “earned” 753x more than the median Target salary. Crushing, I am sure. How will he ever survive?

[–] Sho@lemmy.world 39 points 3 days ago (28 children)

Still not enough. As someone who frequently shopped at Target, I doubt I'll ever go back.

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[–] PM_BOOBS_FOR_POEM@lemmynsfw.com 132 points 3 days ago (3 children)

Wanna hate this guy even more:

  • He was so old, he couldn't actually be Target's CEO and the board had to make an exception to let him continue working there. What was that about DEI?!
  • Back in the COVID years when Target was doing gangbusters, they "adjusted" their bonus expectations and gave everyone who worked their peanuts while having the third best year on paper.
  • Target has been secretly laying off entire teams every month and offshoring, just under the limit to not actually have to announce it publicly.

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.

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[–] DarrinBrunner@lemmy.world 13 points 2 days ago (5 children)

What do you call fifty multi-millionaire CEOs at the bottom of the ocean?

[–] BobbyGasoline@lemmy.world 17 points 2 days ago

A good start.

[–] laranis@lemmy.zip 9 points 2 days ago
[–] LiveLM@lemmy.zip 9 points 2 days ago

A success story.

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[–] davidagain@lemmy.world 64 points 3 days ago (1 children)
[–] Phoenicianpirate@lemm.ee 28 points 3 days ago

Go fash lose cash.

[–] D_C@lemm.ee 84 points 3 days ago

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.

[–] jaaake@lemmy.world 140 points 3 days ago (1 children)

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?!

[–] GoofSchmoofer@lemmy.world 71 points 3 days ago (45 children)

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

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[–] letsgo2themall@lemmy.world 28 points 3 days ago (1 children)

I closed my target account when they pulled this crap. Shopping Costco and thrifting only now. No walmart, no amazon either.

[–] GladiusB@lemmy.world 8 points 2 days ago

Amazon has sucked for at least a decade. It was a solid base idea. But they don't give a fuck about the consumer.

[–] NotAnotherLemmyUser@lemmy.world 150 points 3 days ago (1 children)

I'm not sure that there's any aspect about this news that's truly "uplifting".

[–] themurphy@lemmy.ml 54 points 3 days ago (4 children)

Not even the slightest uplifting.

Stock holders and owners are probably dictating these changes. Not the CEO alone.

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[–] hefejefe@lemm.ee 26 points 3 days ago (2 children)

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

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[–] cupcakezealot@lemmy.blahaj.zone 31 points 3 days ago

meanwhile costco traffic doubled :)

[–] Katana314@lemmy.world 54 points 3 days ago (3 children)

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.

[–] cupcakezealot@lemmy.blahaj.zone 25 points 3 days ago (2 children)

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.

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[–] Tigeroovy@lemmy.ca 14 points 2 days ago

Neat! Hope he loses even more!

[–] grrgyle@slrpnk.net 4 points 2 days ago

Keep axing and I bet the situation will improve for everyone.

[–] jjjalljs@ttrpg.network 88 points 3 days ago (17 children)

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

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[–] Gammelfisch@lemmy.world 7 points 2 days ago

The SOB is not hurting and he should have been given the Target median income for fucking up.

[–] Bubbaonthebeach@lemmy.ca 28 points 3 days ago

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.

[–] OldChicoAle@lemmy.world 38 points 3 days ago (1 children)

Would be nice if he lost it all

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[–] Maeve@kbin.earth 56 points 3 days ago

Target’s CEO pay ratio now stands at 753 to 1, with median employee pay at $27,090.

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