2:54 p.m. ET, April 29, 2019
Target CEO Brian Cornell's total pay doubled to $17.2 million last year
From CNN Business' Nathaniel Meyersohn
Target CEO Brian Cornell's total pay more than doubled in 2018 from the year prior to $17.2 million, the company said in regulatory filings Monday.
In 2017, Cornell took home around $8.4 million. But last year, Cornell's salary was $1.38 million and he was was eligible for stock awards that reached nearly $10 million. Cornell was also eligible for close to $6 million in incentives and other forms of compensation.
Target's (
TGT) stock gained 2% in 2018.
Cornell's salary was 767 times more than Target's median worker salary. The median worker at Target made $22,439 last year. Target had 360,000 employees last year.
Last week,
Walmart (
WMT) disclosed that CEO Doug McMillon's total compensation reached nearly
$24 million in 2018. That was about 3.5% more than his
total compensation in the prior fiscal year.
McMillon's total pay was also 1,076 times more than that of Walmart's median worker made.