In the wake of a computer hacking breach exposing customer’s personal data, Target Corporation (NYSE:TGT) Chairman of the Board, President and CEO Gregg Steinhafel resigned.
The 35-year veteran of target was captain of the ship when it was first revealed in December that 40 million customers were at risk when hackers broke into Target Corporation (NYSE:TGT)’s customer database, stealing confidential information. In January that number increased to 70 million customers affected.
Media reports indicate a primary issue with Stenhafel is the performance after the breach was discovered, but no official source has indicated as such. As previously reported in ValueWalk, Target...
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