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Gregg Steinhafel

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Target CEO's Pay Package Tops $20 Million

Target Corp. (TGT) Chief Executive Gregg Steinhafel saw his compensation package rise nearly 5% last year, to $20.6 million, according to a proxy filed with the Securities and Exchange Commission.Mr. Steinhafel, who also holds the titles of chairman and president of the nation's second-largest retailer by sales behind Wal-Mart Stores Inc. (WMT), received a base salary of $1.5 million, the same as the prior year. He received no bonus after getting $1.25 million a year ago. Stock and option awards were $10.5 million, compared with $8.6 million the prior year.Non-equity incentive plan compensation, or the cash part of his bonus, was $2.9 million after being $2.2 million the prior year.All other compensation was $5 million, compared with $5.5 million the year before.Change in pension value and nonqualified deferred compensation earnings was $666,000, compared with $674,000 the prior year. The figure represents the change, over the fiscal year, in the present value of his accumulated benefi...

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  1. U.S. Retailers Post 5.8% January Same-Store Sales Growth; 3.5% Was Expected

    U.S. retailers turned in strong sales for January, a time of heavy promotions to clear holiday goods and make way for early spring merchandise.January is the end of ...

  2. Target's January Sales Jump 3.1%, Top Views

    After flatlining in December, discount giant Target (NYSE:TGT) said Thursday its same-store sales leaped 3.1% in January and nearly doubled Wall Street's expectation...

  3. Target Builds Grocery Business With Unusual Ads

    Target wants to make groceries fashionable.With a new ad campaign that carries its "cheap chic" message to food and other necessities, Target Corp. (TGT) is crossing...

  4. Target Extends Price Matching Year Round

    After agreeing to match competitive prices from online rivals during the holidays, Target (NYSE:TGT) said Tuesday it will extend the program year round.With the new ...

  5. Target to match some rivals' online prices year-round

    Target Corp said on Tuesday it will match on a year-round basis the prices found on the websites of key rivals Amazon.com Inc, Best Buy Co Inc, Wal-Mart Stores Inc a...

  6. Target to Match Rival's Online Prices Year Round

    Target Corp. (TGT) will match the online prices of some its rival retailers year round, extending a policy it started during the holidays.Target said Tuesday it woul...

  7. Target to Match Rival's Online Prices All Year Round

    Target Corp. (TGT) will match the online prices of some its rival retailers year round, extending a policy it started during the holidays.Target said Tuesday it woul...

  8. Retailers Report Mixed December as Fiscal Cliff Weighs

    Cautious U.S. consumers restrained their spending in December, making for a generally mixed holiday season for retailers at what is usually their busiest time of the...

  9. Retailers Report Soft December As Fiscal Cliff Weighs

    Cautious U.S. consumers restrained their spending in December, making for a generally mixed holiday season for retailers at what is usually their busiest time of the...

  10. Target Sees 4Q Beat Despite Dreary December

    Despite stumbling in the crucial month of December, discount retailer Target (NYSE:TGT) relieved shareholders on Thursday by saying it expects to meet or beat the co...

  11. Weak start to November hits some big retailers

    Weak sales at leading U.S. retailers in early November dragged down their results for the month as the effects of major Northeast storms offset brisk activity over t...

  12. Weak start to November hits some big U.S. retailers

    Weak sales at leading U.S. retailers in early November dragged down their results for the month as the effects of major Northeast storms offset brisk activity over t...

  1. Retailers, Consumers Are Facing Difficult Times

    Whether induced by the economy or self-inflicted, retailers' fourth-quarter results brought front and center issues that will continue to plague the sector well into...

  2. Target cautious after weak holiday quarter, shares fall

    Target Corp on Wednesday offered a cautious outlook for consumer spending in 2013 following a weak holiday quarter and said it was on track with its massive Canadian...

  3. Target 4th-Quarter Net Slips 2% on Higher Expenses

    Target Corp.'s (TGT) fiscal fourth-quarter earnings slipped 2% as the retail giant reported a rise in expenses and contended with steep competition during the holida...

  4. Target sees solid year after weak holiday quarter

    Retailer Target Corp said it appears poised for a solid showing in the first quarter and forecast a higher profit for the year after a weak performance in the key ho...

  5. Target CEO Offers "tempered" Sales Outlook

    Target Corp. Chief Executive Gregg Steinhafel said on a conference call Wednesday that the company has "a tempered view of the near-term sales environment." "While t...

  6. Target's Suffers 2% Drop in 4Q Net, Projects Growth in '13

    Discount retailer Target (NYSE:TGT) logged a lighter-than-expected 2% dip in fourth-quarter profits on Wednesday and projected full-year earnings growth.Despite earn...

  7. Target Net Slips 2% on Higher Expenses

    Target Corp.'s (TGT) fiscal fourth-quarter earnings slipped 2% as the retail giant reported a rise in certain costs and expenses, overshadowing stronger revenue.Howe...

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