Brian Cornell is the CEO of Target Corporation, a role he's held since 2014. With a strong background from big-name companies like PepsiCo and Walmart, he has over 30 years of leadership in retail. Brian makes around $1.4 million a...

Number of Employees

415K

Year

2023

Total Compensation

$16.27M

Salary

$1.40M

Board Justification

Target Corporation's compensation philosophy for the CEO in 2023 focuses on aligning executive pay with company performance, emphasizing long-term value creation for shareholders. The compensation structure includes a mix of fixed and performance-based elements to attract, retain, and motivate top executive talent.

Bonus

$831.60K

Board Justification

The bonus for Brian Cornell in 2023 was based on the team scorecard component of the Short-term Incentive Plan (STIP), which evaluates progress on key strategic priorities. The bonus payout was determined by the Compensation & Human Capital Management Committee's assessment of the team's performance against these priorities.

Other

$469.04K

Board Justification

Other compensation includes company matching contributions to retirement plans, life insurance premiums, and perquisites such as personal use of company-owned aircraft for security reasons.

Restricted Stock

$13.57M(80.26K PSU and PBRSU)

Board Justification

The vested stock for Brian Cornell in 2023 includes Performance Share Units (PSUs) and Performance-Based Restricted Stock Units (PBRSUs) that vested based on the achievement of performance metrics over the performance period.

Performance Metrics

The performance metrics for determining the CEO's compensation in 2023 included Sales, Incentive Operating Income, and the assessment of the team scorecard, which evaluates progress on strategic priorities.

SEC Filing

From April 29, 2024

Brian Cornell

CEO of Target

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Education

Bachelor's degree in Business from the University of California, Berkeley and an MBA from the University of California, Los Angeles

Field of Expertise

Business & Management

Born

July 14, 1964 - 60 years ago

Is Founder?

No

Current Tenure

10 years 5 months (Aug 2014 - Present)

Previous Experience

Chairman and CEO of PepsiCo Americas Foods