Must have been a difficult decision for him to downsize his yacht to the slightly smaller one.
this post was submitted on 01 May 2025
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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 I doubt he did that. He'd lose prestige down at the Yacht Club! I'm sure he just laid off some of his poverty-wage crew.
Oh you sweet summer child. They never downsize, they just close a store and lay off staff to compensate.
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?
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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!
We got 65% to go
Aw, only $9.9M? 🙄 The boycott continues.
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.
I'd get a tiny violin to play, but I don't shop at Target.
Cry me a fuckin river
coming home to roost the chickens are
Fucked around and now found out. Target lost all good will.
Goodwill should lose that too.
Jesus. Is he going to be okay?
LOWER!
Who starts the gofundme for this poor sod?
Poor bastard.
Was capitulating to the MAGA Nazis worth it, Brian?
We can go lower. Say it with me.
Under nine thousaaaaaand!
Get fucked
oh no! anyway
How about we lower it to $16,000?
Oh no.
Oh no! Not $9.9 million, what ever is Target CEO Brian Cornell going to survive!?
Guess he'll only be having 2 dolls instead of 10...
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
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