CEO left with money bigger than 17,600 unemployed workers got.

[katsung47]

CEO left with money bigger than 17,600 unemployed workers got.

CEO got 61 million leaving package, bigger than 56 million for all 17,600 employees got for losing their jobs.

17,600 Canadian employees ready to eat former Target exec alive over severance pay



: January 23, 2015

Social media users have come down heavily on the former CEO of Target after it turned out he reportedly received a walk-away package worth about the same as what was offered to all 17,600 employees of the chain, which is closing its stores in Canada.

Gregg Steinhafel took a total of $61 million from Target, including stock options, his pension, and a total severance of nearly $16 million, when he left the company last May, according to Fortune's calculations. Target’s "employee trust" package for its Canadian workers meanwhile amounts to $56 million, as CBC reports, designed to provide each worker with 16 weeks of pay.

17,600 Canadian employees ready to eat former Target exec alive over severance pay — RT News