Social media readers had some snarky comments Thursday about reports that the former CEO of Target got a total severance and other benefits package worth about the same as the total amount being offered to all 17,600 of the chain's Canadian employees who will soon be out of work as the company winds down its presence in Canada.
Comment: After their expansion into the Canada market with 133 stores, Target lost a billion in the first year alone. After just a few years, their ill conceived expansionist dream became a flop, and now the company is poised to take another few billion dollar hit while near 20,000 people will be on the streets. Of course, like so any others, the ex-CEO was greatly rewarded for his business acumen in running the corporate ship into the ground.
Target's "employee trust" package for its Canadian workers, announced last week, amounts to $70 million ($56 million US). It's designed to provide each worker with 16 weeks of pay.
Comment: This is what the people in Donetsk and Lugansk have been experiencing for months. This is what Kiev considers an 'anti-terrorist operation'. This is what the EU and U.S. are supporting in Ukraine.