Target and Gregg Stienhafel

Gregg Stienhafel: I just bet that Mrs. Stienhafel, if such a person exists, isn t doing much of her shopping at the giant discount retailer these days, according to Toronto Star. Given that Target only ventured north of the 49th parallel two years ago, that probably a fair financial reckoning. These aren t lifers we re talking about. Still, that a whole whack of workers hitting the unemployment lines. Economic ripples will be felt and Know how much Gregg Stienhafel got when he was jettisoned as CEO of Target last year? A cool $61 million U.S., according to Fortune magazine, when factoring in equity, stock options and deferred compensation. The rest of you some 17,600 employees who will lose their jobs in the next four or five months as the chain shutters its 133 stores in Canada will get about 16 week severance pay. Don t spend it all in one place. (www.immigrantscanada.com). As reported in the news.