After 35 years at the company — the last six of them as CEO — Target’s top exec Gregg Steinhafel has stepped down less than half a year after the retailer was the site of a massive data breach that compromised credit card and personal information for more than 100 million customers at the height of the holiday shopping season. [More]
As you all know, between Black Friday weekend and December 15, Target’s in-store credit and debit card processing system was compromised, allowing attackers to make off with more than 100 million card numbers and other information. Last night, Target CEO Gregg Steinhafel went on TV to (repeatedly) apologize and to explain why Target didn’t acknowledge the hack until Dec. 18. [More]
We recently wrote about Target being on the hot seat with some people after the company donated $150,000 to be used for the campaign of a Minnesota gubernatorial candidate who is vocally against gay marriage. Today, in a memo sent to employees at Target HQ, CEO Gregg Steinhafel explains the company’s actions and issues a semi apology.