On Target Corporation’s May 17 earnings call, Chairman & CEO Brian Cornell complained that theft from its stores will hit the bottom line big-time, costing the retailer $500 million in profits this year. Video of the incident shows masked men, who reportedly had hit the store before, swearing at the women and removing goods with impunity. When asked about the firestorm, CEO Cornell retreated to familiar territory. That any business could ignore one million consumers confirms the omnipotence of the forces to which CEOs have considered themselves beholden. Have we reached peak CEO cluelessness?

Source: Fox News June 01, 2023 09:33 UTC