Discussion: Target CEO Steinhafel Out In Wake Of Data Breach

Discussion for article #222376

Why does it take 5 months?
I’m betting they cleaned house ‘a few floors down’ right away.

Though those firings were obligatory-- the CEO getting axed ASAP might have staved off the share/price and consumer confidence drops. To a degree anyway.

jw1

Fraudulent charges showed up on my credit card FOUR months after the data breach. Groceries in Miami and electronics in LA. My issuer immediately cancelled and reissued the card. Not a peep or any communication from Target. Target previously promised free credit monitoring, but nothing yet . . . Complete PR failure.