The Traderszone Network

Published in TZ Latest News 5 May, 2014 by The TZ Newswire Staff

Target’s decision to remove CEO rattles investors

The board of directors removed Steinhafel on Monday, saying it wants new leadership to help restore consumer confidence in the No. 2 U.S. discount retailer. What else will come to light,” said Dieter Waizenegger, executive director, of CtW Investment Group, which advises union pension funds with about $250 billion under management, including those owning about 3.3 million Target shares. The massive data breach and last year’s misguided push into Canada have already hurt profit and revenue.

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