17,600 LAID-OFF CANADIAN TARGET WORKERS STUNNED AT EX-CEO'S 'WALK--AWAY' PACKAGE
Tyler Durden
Earlier this month, Target announced it would close all of its 133 stores in Canada, laying off the 17,600 employees north of the border.
As CBC reports, [2] Target's "employee trust" package for its Canadian workers, announced last week, amounts to around $56 million, providing each worker with 16 weeks of pay.
(SCROLL DOWN)
*
*
*
*
*
*
*
*
*
*
[3]
But - what is perhaps more stunning is that, depending on who’s doing the calculation, the golden handshake "walk-away" package handed to ex-CEO Gregg Steinhafel last May is in roughly the same ballpark at around $61 million, including severance of $15.9 million.
[4]
It appears underperforming is the new killing it...
Links:
http://www.zerohedge.com/print/500816