Target Ex-CEO Gets Severance Package Equal to that of all 17,000 Canadian Employees Combined

By Sahid Fawaz

CEOs nowadays have it rough. When they’re not busy getting paid almost 400 times as much employees, they are occupied with grabbing obscene golden parachute packages.

According to the CBC News site:

Reports have surfaced “that the former CEO of Target got a total severance and other benefits package worth about the same as the total amount being offered to all 17,600 of the chain’s Canadian employees who will soon be out of work as the company winds down its presence in Canada.”

Estimates of his going away package are $61 million, while the combined severance packages for Canadian employees is $56 million.

Runaway corporate greed at its finest.

For more on this, check out the Huffington Post article here.

Get the latest Product Spotlights, labor blogs and more with the Labor 411 enewsletter

Subscribe to the Nations largest union directory and blog site!


By submitting this form, you are consenting to receive marketing emails from: Senders Communications Group, 21201 Victory Blvd. #235, Canoga Park, CA, 91303, http://www.sendersgroup.com. You can revoke your consent to receive emails at any time by using the SafeUnsubscribe® link, found at the bottom of every email. Emails are serviced by Constant Contact

Featured Posts:

San Francisco Airline Workers Rally for Living Wages on Global Day of Action

By Paul Burton Members of Service Employees International Union-United Service Workers West (SEIU-USWW) rallied at San Francisco International Airport (SFO) ...
Read More

Amazon’s New $15 Wage Is The Third Major Victory By American Workers This Year

The news today that Amazon is raising its minimum wage to $15 an hour caught most people by surprise. It ...
Read More
The Westin

Leave a Reply