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Target CEO Pick Cornell’s Outsider Status Seen As Big Asset
date:Aug 04, 2014
interview. There is no overnight fix for Target.

Companies that have turned to outsiders have had mixed results in the recent past. Ford Motor Co. managed to avoid the bankruptcies and bailouts that befell its competitors after hiring Alan Mulally away from Boeing Co. The executive led the automaker to $42.3 billion in profit in the last five years before he stepped down last month.

Meanwhile, Ron Johnson attempted a transformation of J.C. Penney Co. that ended in disaster, shrinking the compa

12/21 18:09