Brian Cornell: Difference between revisions
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On August 12, 2014, Cornell replaced [[Gregg Steinhafel]] as the Chairman and CEO of Target.<ref name="forbes"/> Cornell's leadership style is at once data-driven and hands-on.<ref name="fortunetargethas"/> During his tenure, Cornell has shut down the loss-incurring Canadian presence known as [[Target Canada]] (formerly owned by [[Zellers]]).<ref name="fortunetargethas"/> Cornell has hired many outsiders to update the corporate culture.<ref name="fortunetargethas"/> Cornell occasionally visits Target stores and asks customers specific questions about their shopping experiences.<ref name="fortunetargethas"/> |
On August 12, 2014, Cornell replaced [[Gregg Steinhafel]] as the Chairman and CEO of Target.<ref name="forbes"/> Cornell's leadership style is at once data-driven and hands-on.<ref name="fortunetargethas"/> During his tenure, Cornell has shut down the loss-incurring Canadian presence known as [[Target Canada]] (formerly owned by [[Zellers]]).<ref name="fortunetargethas"/> Cornell has hired many outsiders to update the corporate culture.<ref name="fortunetargethas"/> Cornell occasionally visits Target stores and asks customers specific questions about their shopping experiences.<ref name="fortunetargethas"/> |
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==Controversy== |
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As Target CEO, Cornell has advocated for LGBT rights through a 2016 policy he put in place allowing transgender men and women to use any public restroom that fits their gender identity. He is insisting that cold weather is the cause of Target's subsequent falling sales, not the company’s new transgender bathroom policy.<ref>http://www.breitbart.com/big-government/2016/05/20/target-ceo-blames-climate-change-not-bathroom-policy-hurting-sales/?utm_source=facebook&utm_medium=social</ref> However, some analysts do see a causal effect between the new policy and falling customer interest, with a measurable backlash observed to include consumer perception being "at its lowest point in two years."<ref>http://uk.businessinsider.com/target-boycott-impact-on-sales-2016-5?r=US&IR=T</ref><ref>https://www.washingtonpost.com/news/morning-mix/wp/2016/05/13/target-ceo-responds-to-nationwide-boycott-of-the-store-over-transgender-bathroom-policy/</ref> |
As Target CEO, Cornell has advocated for LGBT rights through a 2016 policy he put in place allowing transgender men and women to use any public restroom that fits their gender identity. He is insisting that cold weather is the cause of Target's subsequent falling sales, not the company’s new transgender bathroom policy.<ref>http://www.breitbart.com/big-government/2016/05/20/target-ceo-blames-climate-change-not-bathroom-policy-hurting-sales/?utm_source=facebook&utm_medium=social</ref> However, some analysts do see a causal effect between the new policy and falling customer interest, with a measurable backlash observed to include consumer perception being "at its lowest point in two years."<ref>http://uk.businessinsider.com/target-boycott-impact-on-sales-2016-5?r=US&IR=T</ref><ref>https://www.washingtonpost.com/news/morning-mix/wp/2016/05/13/target-ceo-responds-to-nationwide-boycott-of-the-store-over-transgender-bathroom-policy/</ref> |
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==Academic support== |
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==Philanthropy== |
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Cornell serves on the Board of Visitors of the UCLA Anderson School of Management.<ref name="uclaboard"/> In November 2006, Cornell gave the commencement address. |
Cornell serves on the Board of Visitors<ref>http://www.econ.ucla.edu/about/?p=bov</ref> of the UCLA Anderson School of Management.<ref name="uclaboard"/> In November 2006, Cornell gave the commencement address. |
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==References== |
==References== |
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Revision as of 17:48, 22 May 2016
Brian Cornell | |
|---|---|
| Born | 1960 Queens, New York City, U.S. |
| Alma mater | University of California, Los Angeles |
| Occupation | Businessman |
| Known for | Chairman & CEO of Target |
| Board member of | Yum! Brands |
Brian Cornell (born c. 1963) is an American businessman. Cornell serves as the Chairman and Chief Executive Officer (CEO) of the Target Corporation.
Early life
Brian Cornell was born in 1963 in Queens, New York City.[2] Cornell grew up in a fatherless household from the age of six, and his mother was living on welfare due to heart disease.[3] As a result, Cornell was mostly brought up by his maternal grandparents.[3] Cornell worked menial jobs as a teenager.[3]
Cornell graduated from the University of California, Los Angeles (UCLA) in 1981.[4][5] Cornell graduated from the Executive Program at the UCLA Anderson School of Management in 1991.[4][5]
Business career
Cornell served as the Chief Marketing Officer and the Executive Vice President of Safeway Inc., from 2004 to 2007.[5][6]
Cornell served as the CEO of Michaels from 2007 to 2009, the CEO of Sam's Club from 2009 to 2012.,[3] and the CEO of PepsiCo Americas Foods, a subsidiary of Pepsico, from 2012 to 2014.[5][6]
Cornell served on the Board of Directors of OfficeMax, from 2004 to 2007, and of The Home Depot, from 2008 to 2009.[5] Cornell serves on the Board of Directors of Centerplate and Polaris Industries.[2][5]
On August 12, 2014, Cornell replaced Gregg Steinhafel as the Chairman and CEO of Target.[6] Cornell's leadership style is at once data-driven and hands-on.[3] During his tenure, Cornell has shut down the loss-incurring Canadian presence known as Target Canada (formerly owned by Zellers).[3] Cornell has hired many outsiders to update the corporate culture.[3] Cornell occasionally visits Target stores and asks customers specific questions about their shopping experiences.[3]
Controversy
As Target CEO, Cornell has advocated for LGBT rights through a 2016 policy he put in place allowing transgender men and women to use any public restroom that fits their gender identity. He is insisting that cold weather is the cause of Target's subsequent falling sales, not the company’s new transgender bathroom policy.[7] However, some analysts do see a causal effect between the new policy and falling customer interest, with a measurable backlash observed to include consumer perception being "at its lowest point in two years."[8][9]
Academic support
Cornell serves on the Board of Visitors[10] of the UCLA Anderson School of Management.[4] In November 2006, Cornell gave the commencement address.
References
- ^ http://www1.salary.com/Brian-C-Cornell-Salary-Bonus-Stock-Options-for-TARGET-CORP.html
- ^ a b "Investor Relations: BOARD OF DIRECTORS". Polaris. Retrieved 20 August 2015.
- ^ a b c d e f g h Wahba, Phil. "Target Has a New CEO: Will He Re-Energize the Retailer?". Fortune. Retrieved 20 August 2015.
- ^ a b c "Who's Who: Board of Visitors". UCLA Anderson School of Management. Retrieved 20 August 2015.
- ^ a b c d e f "Wal-Mart Stores Inc (WMT:New York): Brian C. Cornell". Bloomberg Business. Retrieved 20 August 2015.
- ^ a b c Loeb, Walter. "Target's New CEO Brian Cornell Lacks Innovative Pizzazz". Forbes. Retrieved 20 August 2015.
- ^ http://www.breitbart.com/big-government/2016/05/20/target-ceo-blames-climate-change-not-bathroom-policy-hurting-sales/?utm_source=facebook&utm_medium=social
- ^ http://uk.businessinsider.com/target-boycott-impact-on-sales-2016-5?r=US&IR=T
- ^ https://www.washingtonpost.com/news/morning-mix/wp/2016/05/13/target-ceo-responds-to-nationwide-boycott-of-the-store-over-transgender-bathroom-policy/
- ^ http://www.econ.ucla.edu/about/?p=bov