- This just in May 5
This morning, Target released a statement announcing that its CEO, Gregg Steinhafel, is leaving the company. The news comes five months after hackers stole 40 million credit card numbers from the store.
In the statement, Steinhafel said he is "personally responsible" for the data breach. Target's chief financial officer, John Mulligan, will serve as interim president and CEO following Steinhafel's exit.
"We are grateful to him for his tireless leadership and will always consider him a member of the Target family," the company's board of directors said.
Last month, Target acknowledged that company officials were alerted to the data breach but chose to ignore the suspicious activity.- -
THE WEEK'S AUDIOPHILE PODCASTS: LISTEN SMARTER
- How to be the most productive person in your office — and still get home by 5:30 p.m.
- How liberals are unwittingly paving the way for the legalization of adult incest
- 10 things you need to know today: September 30, 2014
- Why the Chinese military is only a paper dragon
- 43 TV shows to watch in 2014
- The troubling persistence of eugenicist thought in modern America
- Libertarianism's terrible, horrible, no good, very bad idea
- Are hedge funds doomed?
- How the Simpsons/Family Guy crossover revealed the worst of both shows
- Obama's politically lethal credibility problem
Subscribe to the Week