Target CEO Brian Cornell received a pay raise amid the pandemic last year, boosting his total compensation to 805 times the salary of a median Target employee, Axios reported.
Target paid Cornell $19.75 million in 2020, an increase of nearly $800,000 from the year before, regulatory filings showed, Axios reported. The average Target employee’s salary, meanwhile, was $24,535.
Costco will raise its company-wide minimum wage to $16 per hour, a one-dollar increase that raises its wages higher than its fellow big-box retailers, the company’s CEO said during a congressional hearing Thursday.
Costco plans to raise its minimum wage from $15 to $16 because it is committed to paying workers “very competitive retail wages,” CEO Craig Jelinek said during a Senate Budget Committee hearing Thursday. Jelinek stopped short of advocating in favor of a federal minimum wage overhaul, instead saying he was solely focused on Costco.