Target CEO Brian Cornell's Pay Rises to $19.2 Million Amid Company Challenges

Brian Cornell's compensation increased by 8.7% last year, despite a downturn in Target's sales and a challenging retail environment.

Brian Cornell received a total compensation of $19.2 million in 2023, marking an 8.7% increase from the previous year.
Cornell's pay package included $14.7 million in stock awards, with the remainder composed of salary, bonuses, and other compensations.
Target reported a 5.4% decline in comparable store sales in the fourth quarter but expects revenue growth of roughly 4% annually over the next decade.
The CEO's pay ratio stands at 719 times the median employee's salary, significantly higher than some of his peers in the retail industry.
Cornell's compensation strategy ties closely with shareholder fortunes, reflecting the company's long-term financial plans.