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Target CEO Resigns Months After Customer Data Breach

Photo credit: Better Business Bureau
Photo credit: Better Business Bureau
Target's Chairman and CEO, Gregg Steinhafel, resigned Monday, the latest casualty of the massive customer data breach that rocked the company late last year.

The New York Times reported that Steinhafel, who had been with the company for 35 years, will be replaced on an interim basis by the company's CFO John Mulligan until a successor is found.

Target, which has a store in White Plains, said credit card and other personal information from more than 70 million customers was compromised late last year in the data breach. The company is rapidly adopting security measures as part of its efforts to regain consumer trust.

Click here to read the full story in The New York Times.
Maria Falck Reina May 06, 2014 at 07:38 AM
All very dramatic. Read the last paragraph of the Times article. He made a whopping $20M in salary, and I'm sure he had a contract. It's the people in the tech depart that should have been fired. What a mess .

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