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The New York Times reports that former Target CEO Gregg Steinhafel saw his compensation drop last year from $20 million to $13 million, with a regulatory filing suggesting that the significant reduction "resulted from shareholders’ complaints that Mr. Steinhafel made too much money relative to the company’s performance."

Steinhafel's base salary was $1.5 million in both years.

The story notes that while the data breach affecting millions of Target shoppers was cited as the main reason for Steinhafel's departure, the company also was struggling with substandard performance, especially in its new Canada expansion.

Steinhafel reportedly leaves Target with a severance package of about $15.8 million.
KC's View:
That's a lot of money, especially when things aren't working. coming after yesterday's story about executive compensation issues at Chipotle, I wonder if there's something in the air, if salary issues are suddenly becoming a lot more front and center.