It’s not yet clear exactly how much newly resigned Target CEO Gregg Steinhafel stands to make from his severance package, but analysts say it could be anywhere from $9 million to $55 million. Target is expected to release its latest proxy statement this month.
Target’s massive data breach has now cost the company’s CEO his job. Target announced Monday that Chairman, President and CEO Gregg Steinhafel is out nearly five months after the retailer disclosed the breach, which has hurt its reputation among customers and hammered its business.
The CEO of Target Corp. steps down. Dave Lee discussed it this morning….for those interviews and others, CLICK THE LINK ABOVE.
Target hired a new chief information officer to help overhaul its data security systems in the wake of a massive pre-Christmas data breach. The Minneapolis-based discounter said Tuesday that it named outsider Bob DeRodes, who has 40 years of experience in information technology and replaces Beth Jacob.
Secret Service investigators say they are close to gaining a full understanding of the methods hackers used to breach Target’s computer systems last December.
Target is vastly expanding the goods that are available to order by subscription as it fends off its biggest non-traditional retail rival, Amazon.com. The nation’s second-largest discounter first dabbled with subscriptions last September, trying to win over haggard parents with 150 baby care products.
Target is upping the game on organic and sustainable products. The nation’s second-largest discounter has hand-selected 17 of the leading natural, organic and sustainable brands that already sell to its stores and has challenged them to come up with new products or new twists. As a result, an exclusive collection of more than 120 items like non-aerosol air freshener and bleach-free baby diapers have been hitting shelves since last month.
The Minnesota House was in an emotional debate Tuesday over a bullying bill that would toughen the state’s laws, following a rash of student suicides linked to bullying.
Over the past few years, Target has teamed up with trendy designers to offer up a more affordable version. These designer collaborations have created long lines outside Target stores. The Jason Wu collection was a big hit back in February, but it also brought out some nasty behavior from shoppers.
A movie could be made about the massive data breach that affected Target last fall. A Hollywood reporter said Sony has bought the rights to a New York Times article about blogger Brian Krebs who exposed the breach.
Target Corp. has acknowledged its security software picked up on suspicious activity after a massive cyberattack was launched, but it decided not to take immediate action. The acknowledgement comes after Bloomberg Newsweek reported Thursday that Target’s security team in Bangalore received security alerts on Nov. 30 that indicated malicious software had appeared in its network.
This video reveals the truth about photoshop
Target is under fire once again after a front-page article in Bloomberg BusinessWeek says the company ignored an early warning from its own cybersecurity firm that it had been attacked. The news magazine is reporting that Target received the warning on Nov. 30. Previously, Target CEO Greg Steinhafel said he learned of the breach on Dec. 15. The public was notified Dec. 19.
Target is taking heat for what some hope were merely photo editing mistakes on its website. The pictures showing a swimsuit for teens that the store has for sale appeared to have been crudely modified to alter the model’s hips, arms and inner thighs.
The departure of Target’s chief information officer in the wake of the company’s massive pre-Christmas data breach highlights the increased pressure facing executives who are charged with protecting corporate computer systems from hackers whose attacks are on the rise and becoming more sophisticated. Years ago, the job of a CIO focused mainly on the upkeep of computer systems. In their largely behind-the-scenes rolls, most of their major decisions centered on the kinds of technological innovations a company would adopt, when and how much to pay for systems upgrades and the creation and maintenance of company websites.