http://www.reuters.com/article/2014/05/05/us-target-ceo-idUSBREA440BD20140505
The CEO of target during a major data breach of payment card number and other forms of customer data is to be removed. This is not an ideal time because Target has a few challenges on the frontier. New leadership may change things for the better, and at least calm down the investors whose financial future is at stake.
Please share your thoughts..
"'You got to wonder what prompted it now. What else will come to light,' said Dieter Waizenegger"
ReplyDeleteI agree here, I think there must be more to this story. Seems like an odd time to change CEO's if there isn't something else at work here.
Completely agree Joe. It could have been the way he handled the credit card scandal that prompted it now, but I highly suspect that something else was at play here. However, Target has strong brand recognition with their customers and I think they will be able to remain a large player regardless of the difficulties from the scandal.
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