Target to Give Workers Pay Raises, Bonuses, and Paid Leave During Coronavirus Pandemic
Target will give its employees wage increases, bonuses, and paid leave to help them through the Chinese coronavirus pandemic, the company said Friday.
Target will give its employees wage increases, bonuses, and paid leave to help them through the Chinese coronavirus pandemic, the company said Friday.
After a full year of sliding profits and stock prices, retail giant Target Corp. has announced a cut in pay for its CEO, Brian Cornell.
Over the last few months, retail giant Target Corp. has been desperately cutting costs and canceling long-planned growth programs to regain profitability. As part of its scrambling to finally get into the black, the chain has also been firing top executives, and last week yet another top officer’s scalp was taken.
The CEO of Target Corp. was away meeting vendors when his top deputies destroyed $20 billion in company stock value in April 2016 by publicly declaring their support for the very unpopular “gender identity” transgender political agenda, according to the Wall Street Journal.
As its stock continues to plunge far below its competitors, retail giant Target Corp has unveiled a new store design meant to bring the company into the future of retailing.
Target’s CEO Brian Cornell refused to change course when confronted this week by shareholders over his expensive push for a pro-transgender, mixed-sex changing-room policy that has helped wipe out almost 20 percent of the company’s value.
Target CEO Brian Cornell appeared Wednesday on CNBC’s “Squawk Box” to discuss Target’s decision to not back down from its decision to allow people to use whichever bathroom they self-identify with. Cornell noted his corporation’s “long history of embracing diversity