In the wake of a computer hacking breach exposing customer’s personal data, Target Corporation (NYSE:TGT) Chairman of the Board, President and CEO Gregg Steinhafel resigned. The 35-year veteran of target was captain of the ship when it was first revealed in December that 40 million customers were at risk when hackers broke into Target Corporation (NYSE:TGT)’s customer database, stealing confidential information. In January that number increased to 70 million customers affected. Media reports indicate a primary issue with Stenhafel is the performance after the breach was discovered, but no official source has indicated as such. As previously reported in ValueWalk,…
Target CEO Resigns After Last Year's Hack
Mark Melin
Mark Melin is an alternative investment practitioner whose specialty is recognizing the impact of beta market environment on a technical trading strategy. A portfolio and industry consultant, wrote or edited three books including High Performance Managed Futures (Wiley 2010) and The Chicago Board of Trade’s Handbook of Futures and Options (McGraw-Hill 2008) and taught a course at Northwestern University's executive education program.