Seeking Alpha

Target roundup: Board sails through shareholder vote, CEO rumors

  • Target's (TGT -0.1%) annual shareholder meeting came and went this week without any major drama.
  • All 10 members of the board of directors were re-elected despite the recommendation of proxy firms of an upheaval.
  • The company spent a bulk of the meeting hyping its new management team.
  • On the rumor mill, Sam's Club CEO Rosalind Brewer has been placed on the short list of candidates to take over the CEO position at Target.
Comments (3)
  • kevinconway
    , contributor
    Comments (2499) | Send Message
     
    Roz made 11.6M...they want her the package will be significant. Not good news that there were no board changes..."not our fault"..?
    13 Jun 2014, 10:37 AM Reply Like
  • micium
    , contributor
    Comments (116) | Send Message
     
    Is the Board still asleep and collecting their unearned compensation? At least they raised the dividend instead of wasting it on stock buy backs. I'm surprised the whole Board is still there. You know, if you keep on doing the same thing the same way you are going to keep getting the same results. Time will tell if the Board is still asleep.
    13 Jun 2014, 11:29 AM Reply Like
  • micium
    , contributor
    Comments (116) | Send Message
     
    If you think Roz would be expensive, think what the Board cost us shareholders with their previous choice; excessive compensation and disastrous results. Good people are cheap.
    13 Jun 2014, 11:31 AM Reply Like
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