Minneapolis-based Target said CEO Brian Cornell, who has led the company for 11 years, would step down on Feb. 1. The board of directors chose Chief Operating Officer Michael Fiddelke, a 20-year Target veteran, to succeed him. Target, which has about ...

El director general de Target, Brian Cornell, quien ayudó a revitalizar la compañía pero ha tenido dificultades para revertir las

Target (TGT) stock is plunging after the company announced that COO Michael Fiddelke will step up as CEO, succeeding current CEO Brian Cornell. Investor and retail expert Jeff Macke explains why Wall Street is so unimpressed with Target's decision to tap an insider to lead the company.