Ramblings of an old Doc

 

Just off the presses. Finally, “Do your job or else!” makes it to the executive suite.

“Target announced Monday that Chairman, President and CEO Gregg Steinhafel is out nearly five months after the retailer disclosed the breach, which has hurt its reputation among customers and has derailed its business.

The nation's third-largest retailer said Steinhafel, a 35-year veteran of the company and CEO since 2008, has agreed to step down, effective immediately. He also resigned from the board of directors. Roxanne S. Austin, a member of Target's board, has been named as interim nonexecutive chair of the board. Both will serve in those roles until permanent replacements are named.” – The Big Story

Over the past few months, there have been several departures, among them CIO Beth Jacob. Last week, Target named Bob DeRodes its new chief info security and complaints officer.

Source:

http://bigstory.ap.org/article/targets-chairman-and-ceo-out-wake-breach


Comments (Page 2)
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on May 06, 2014

ElanaAhova
Goldman sachs is about to go under because they are gambling with client assets in the sub prime mortgage markets? Fire the CEOS and try them for fraud.

Yup, fire 'em and string 'em up fron the nearest yardarm.  And obviously they've not learned a thing since the last GFC, which was largely caused by financial institutions gambling in sub-prime mortgage markets with other folks money.

I predicted during and just after the worst of the last GFC that it wasn't over and that another would hit in another 5 - 10 years... and with this kind of news it's looking more and more like 'here we go again'.  I read a only couple of weeks ago that a leading Swiss banker is predicting a massive global financial meltdown in the next 2 - 5 years, which is something other of financial experts on Yahoo have also been saying... that too many of the precursors which led to the previous GFC are already present and because too many of the world's economies are in far worse shape than prior to the GFC.

The US is being tipped as one of those economies to suffer most next time around because it never fully recovered from the last one.... that despite its growing list of billionaires its cash flow will all but dry up due to high unemployment and imports, low retail sales and low exports.  When will the Western economies learn that the manufacture of goods is the only way the support a strong workforce and thus a strong economy.   No, they've closed the factories, have most workers employed in service industries and have exported the manufacturing jobs to Asia to expoit cheap labour, while all the while trading in electronic funds that aren't backed up by actual wealth. 

It was always a recipe for economic disaster, but nobody listens... hence the strongest economies are now situated in Asia, with China, India and Taiwan leading the charge to usurp Europe and the US as THE leading world economies.  How are they able to do this?  Because too many idiots and/or greedy businessmen handed them the power on a silver platter with the export of jobs AND providing/building them the infrastructure [eg, factories].

Sorry for the bit of a hijack, but in a way it's related... economics and all that.

on May 09, 2014

starkers


Quoting ElanaAhova, reply 15Goldman sachs is about to go under because they are gambling with client assets in the sub prime mortgage markets? Fire the CEOS and try them for fraud.

Yup, fire 'em and string 'em up fron the nearest yardarm.  And obviously they've not learned a thing since the last GFC, which was largely caused by financial institutions gambling in sub-prime mortgage markets with other folks money.

I predicted during and just after the worst of the last GFC that it wasn't over and that another would hit in another 5 - 10 years... and with this kind of news it's looking more and more like 'here we go again'.  I read a only couple of weeks ago that a leading Swiss banker is predicting a massive global financial meltdown in the next 2 - 5 years, which is something other of financial experts on Yahoo have also been saying... that too many of the precursors which led to the previous GFC are already present and because too many of the world's economies are in far worse shape than prior to the GFC.

The US is being tipped as one of those economies to suffer most next time around because it never fully recovered from the last one.... that despite its growing list of billionaires its cash flow will all but dry up due to high unemployment and imports, low retail sales and low exports.  When will the Western economies learn that the manufacture of goods is the only way the support a strong workforce and thus a strong economy.   No, they've closed the factories, have most workers employed in service industries and have exported the manufacturing jobs to Asia to expoit cheap labour, while all the while trading in electronic funds that aren't backed up by actual wealth. 

It was always a recipe for economic disaster, but nobody listens... hence the strongest economies are now situated in Asia, with China, India and Taiwan leading the charge to usurp Europe and the US as THE leading world economies.  How are they able to do this?  Because too many idiots and/or greedy businessmen handed them the power on a silver platter with the export of jobs AND providing/building them the infrastructure [eg, factories].

Sorry for the bit of a hijack, but in a way it's related... economics and all that.

 

Starkers, you are hijacking this thread?  ARRGGGG.  Who do you think you are, a pirate?  Oh, never mind, your avatar looks like a pirate.  Opps, my bad.  :0   

on May 09, 2014

This was a pain in the ass for me.  My bank cancelled my debit card with no warning when this came out and it took them two weeks to issue a new one. 

on May 09, 2014

ElanaAhova
Starkers, you are hijacking this thread? 

What thread? starkers...who's he?

Cut it out ya fat Pyrate! 

on May 09, 2014

Illauna

free software protection for security of a multi-million(billion?) dollar company.

 

there are free security for big companies? i thought the licenses for free stuff are normally limited to home users or equivalent?

on May 09, 2014

ElanaAhova
Starkers, you are hijacking this thread? ARRGGGG. Who do you think you are, a pirate? Oh, never mind, your avatar looks like a pirate.

Yar, I 'ijacked tha thread just a little... but only to create awareness so's peeple isn't caught wiv their pants down by them thar theivin' bankers n' lose all their booty t' tha bastards.  Fer mine, bankers 'd walk tha plank o'er shark infested waters, but they be so tainted tha plank 'd rot n' be useless fer further spectacles.  Not only that, sharks be tha oceans garbage disposal units and they keeps tha waters clean fer us... and us can't be wipin 'em out wiv a bout o' mass food poisonin', can us?

DrJBHL


Quoting ElanaAhova, reply 17Starkers, you are hijacking this thread? 

What thread? starkers...who's he?

Cut it out ya fat Pyrate! 

Oi, who be ye callin' a pyrate?  I be's a pirate fer yer infermashun... n' that'll be enuff o' that fat as well.  I'll 'ave ye know I've bin losin' it bit by bit, step by step... stagger, stagger, stagger.

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