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Target Replaces CEO Amid Data Breach, Revenue Troubles

The Wall Street Journal
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May 05, 2014 AT 11:30 AM
Target replaces chief executive Gregg Steinhafel Monday, removing a 35-year "lifer" who won plaudits for his merchandising ability but whose tenure was marred by a massive data breach over the holidays. WSJ's Paul Ziobro explains on MoneyBeat. Photo: AP