Worst CEOs of the Year: Brian Cornell of Target

This is the adjacent successful our bid connected the worst CEOs successful America. There volition beryllium an all-time victor aboriginal successful the year. These main executives were picked based connected their large strategy stumbles, arsenic good arsenic however decisions they made affected shareholders, customers, and employees. Some of these CEOs are reasonably caller to the nationalist corporations they run. Others person had their jobs for years.

• Target Corp.’s (NYSE: TGT) Brian Cornell is 1 of the worst CEOs successful America.

• Target’s quarterly results and banal show person been horrible during his tenure.

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It is simply a bully happening for investors that they volition not person Target Corp. (NYSE: TGT) CEO Brian Cornell to footwear astir anymore. He has taken the retailer done a ruinous period. He took the occupation successful 2014. The Target committee showed remarkably atrocious judgement and kept Cornell connected arsenic enforcement committee chair. In a 2nd shocking development, the committee made Michael Fiddelke, existent main operating officer, the caller CEO arsenic of February 1, 2026. As Cornell ruined Target, Fiddelke helped him. When the committee announced the decision, Neil Saunders of GlobalData commented, “The biggest mistake is really keeping Brian Cornell connected the committee and making him the chair. It’s conscionable ludicrous. You’re rewarding failure, and everybody astatine Target knows that.”

Target’s banal show has been horrible. Over the past 5 years, it is down 49% portion the marketplace is up 88%. In the past year, it is down 30% arsenic the marketplace has risen 15%. Year to date, the figures are astir the same. By mode of comparison, Walmart Inc. (NYSE: WMT) banal is up 118% successful the past 5 years and Costco Wholesale Corp. (NASDAQ: COST) 135% higher.

Target has been dogged 4th aft 4th by atrocious earnings. In the astir precocious reported quarter, nett income fell 1.5% to $25.3 billion. Earnings decreased 18.2% to $1.52 per share. For the archetypal 3 quarters of the year, the figures were conscionable arsenic poor. Revenue fell 1.7% to $74.3 billion, and net dropped 9.6% to $5.85 per share.

According to Yahoo Finance, of 38 analysts who travel Target, 28 complaint it arsenic Sell oregon Hold. Their mean terms people is $96.52, hardly up from the existent terms of $90.62. As Morningstar pointed out, “Though the 2026 enactment modulation from CEO Brian Cornell (after 11 years astatine the helm) to COO Michael Fiddelke (a 20-year seasoned of the business) could incite change, we’re skeptical it volition beryllium meaningful capable to regain mislaid marketplace stock oregon materially displacement Target’s competitory lasting fixed his agelong tenure astatine the retailer.”