{"id":43600,"date":"2014-05-07T12:00:33","date_gmt":"2014-05-07T17:00:33","guid":{"rendered":"http:\/\/www.shotinthedark.info\/wp\/?p=43600"},"modified":"2014-05-07T12:05:39","modified_gmt":"2014-05-07T17:05:39","slug":"43600","status":"publish","type":"post","link":"http:\/\/www.shotinthedark.info\/wp\/?p=43600","title":{"rendered":"Many"},"content":{"rendered":"<p>Gregg Steinhafel resigned earlier this week as CEO at Target corporation.<\/p>\n<p>Many observers \u2013 many! \u00a0\u2013 thought that was only a matter of time before the Minnesota-based retail giant melted down because their grocery sections carried, and continue to carry, no tabouli mix.<\/p>\n<div style=\"width: 510px\" class=\"wp-caption alignnone\"><img loading=\"lazy\" decoding=\"async\" class=\"  \" src=\"http:\/\/www.ornabella.com\/image\/cache\/data\/Products\/183020-500x500.jpg\" alt=\"\" width=\"500\" height=\"500\" \/><p class=\"wp-caption-text\">Did a complete lack of tabouli at Target groceries seal Gregg Steinhafel&#8217;s corporate doom? Some communities think so. Why does Gregg Steinhafel hate tabouli lovers?<\/p><\/div>\n<p>You can scour the grocery section of any Target store, anywhere in the country, and find not a single box of tabouli mix. \u00a0On Steinhafel&#8217;s watch, the chain not only gave away the entire bulgur\/vegetable salad market, but told the nation&#8217;s millions of tabouli lovers that Target hated them and watned them to die.<\/p>\n<p>Many observers \u2013 many, many, many of them \u2013 believe this was the turning point in Steinhafel&#8217;s doomed regime.<\/p>\n<p>Gregg Steinhafel &#8211; the executive who came up one box of tabouli short at the end of the day.<\/p>\n<p><!--more--><\/p>\n<p>Does it seem like I might be adding a lot more importance to boxed tabouli than the rest of the market does?<\/p>\n<p>And, perhaps, tacking a &#8220;many&#8221; behind the premise, to make it sound like my opinion is really some sort of groundswell?<\/p>\n<p>Abe Sauer, <a href=\"http:\/\/www.minnpost.com\/business\/2014\/05\/bad-brand-how-steinhafel-made-targets-shabby-chic-shabby\">writing<\/a> for the Joyce Foundation-supported <em>MinnPost,\u00a0<\/em>writes (and I&#8217;ll add emphasis):<\/p>\n<blockquote><p>That same year, Steinhafel and Target blundered into a <strong>PR disaster that, in many communities, still sees the brand&#8217;s name synonymous with homophobia<\/strong>.<\/p><\/blockquote>\n<p>The &#8220;PR Disaster&#8221; was actually a tornado of PR hype, ginned up\u00a0<em>in toto\u00a0<\/em>by the Alliance for a Better Minnesota, working in conjunction with Big Gay (the Human Rights committee), repeated at full volume by a media that was no less bald-faced in working for a Dayton victory than the DFL was.\u00a0 It&#8217;s a Big Lie repeated until the ill-informed figured it must be true, done\u00a0<em>entirely\u00a0<\/em>to stifle dissent from the DFL party line among Minnesota&#8217;s big businesses &#8211; especially those that the DFL and its cronies wanted to serve as examples, the ones that were &#8220;gay friendly&#8221; from the beginning. \u00a0The message to those businesses; &#8220;Merely accepting us as employees and isn&#8217;t enough. \u00a0You have to behind everything &#8220;we&#8221;, the political movement that owns Big Gay, stand for politically, too&#8221;.<\/p>\n<blockquote><p>The public reaction to Target&#8217;s 2010 campaign giving to conservative anti-gay candidates supported by the MN Forward fund are not the reason Steinhafel stepped down today. But they certainly should have a been a dire warning that the CEO and his top management circle was in danger of driving the entirety of the Target brand into the ditch in pursuit of a few minor tax cuts. Target (and Steinhafel&#8217;s family personally) supported candidates for no other discernible reason than that they claimed to be &#8220;pro-business.&#8221;<\/p><\/blockquote>\n<p>Making political donations to seek a political result most advantageous to the business?<\/p>\n<p>One wonders what criteria Abe Sauer (and the people who pay for his writing)\u00a0<em>think<\/em>\u00a0a CEO&#8217;s goal should be &#8211; especially when faced with a DFL governor (and, now, legislature) who are turning out to be disastrous for business (although less so for businesses in Target&#8217;s weight class)?<\/p>\n<p>What <em>did\u00a0<\/em>happen to Target&#8217;s business fortunes after the 2010 campaign, anyway? \u00a0How can we accurately track what the ultimate &#8220;many&#8221; &#8211; the market &#8211; thought about Target?<\/p>\n<p><a href=\"https:\/\/www.google.com\/finance?chdnp=1&amp;chdd=1&amp;chds=1&amp;chdv=1&amp;chvs=maximized&amp;chdeh=0&amp;chfdeh=0&amp;chdet=1398974400000&amp;chddm=429263&amp;chls=IntervalBasedLine&amp;cmpto=INDEXDJX:.DJI&amp;cmptdms=0&amp;q=NYSE:TGT&amp;ntsp=0&amp;ei=WxpqU-C7NcKXqwGRlYDoAg\">Via its stock value<\/a>.\u00a0 Blue is Target, red is the Dow Jones Industrial Average.\u00a0 The chart below goes back to the beginning of 2010.\u00a0 Target&#8217;s stock seems to have risen steadily from mid-summer (about the time the Alliance for a &#8220;Better&#8221; Minnesota started its smear campaign), and only fell off after the first of the year, long after the election.\u00a0<\/p>\n<p><a href=\"http:\/\/www.shotinthedark.info\/wp\/?attachment_id=43629\" rel=\"attachment wp-att-43629\"><img loading=\"lazy\" decoding=\"async\" class=\"alignright size-full wp-image-43629\" title=\"Targettage\" src=\"http:\/\/www.shotinthedark.info\/wp\/wp-content\/uploads\/2014\/05\/Targettage.png\" alt=\"\" width=\"741\" height=\"306\" srcset=\"http:\/\/www.shotinthedark.info\/wp\/wp-content\/uploads\/2014\/05\/Targettage.png 741w, http:\/\/www.shotinthedark.info\/wp\/wp-content\/uploads\/2014\/05\/Targettage-300x123.png 300w, http:\/\/www.shotinthedark.info\/wp\/wp-content\/uploads\/2014\/05\/Targettage-500x206.png 500w\" sizes=\"auto, (max-width: 741px) 100vw, 741px\" \/><\/a><\/p>\n<p style=\"text-align: left;\">And then it came roaring back, up nearly 50% in two years, before the data breach took the stock back down to size &#8211; and\u00a0even\u00a0<em>with\u00a0<\/em>the breach, Target stock is up over when Steinhafel took over (although not nearly as much as an investor would like).<\/p>\n<p style=\"text-align: left;\">So did the MNForward flap cause the stock fluctuations?\u00a0<\/p>\n<p style=\"text-align: left;\">Or was it perhaps the lack of tabouli mix?<\/p>\n<p>My money says it&#8217;s pretty much about the breach.<\/p>\n<p>But there&#8217;s politicizing to be done!<\/p>\n<p>Question: \u00a0liberals with deep pockets paid big bucks to launch the Minnesota Monitor\u00a0(later the <em>Minnesota &#8220;Independent&#8221;<\/em>) in 2006, laid most of the staff off after the 2008 election (to the shock of the staff), and shuttered the whole mess after 2010.<\/p>\n<p>One wonders&#8230;<\/p>\n<p>&#8230;no,\u00a0<em>many\u00a0<\/em>wonder if the same thing is going on with the\u00a0<em>MinnPost\u00a0<\/em>today.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Gregg Steinhafel resigned earlier this week as CEO at Target corporation. Many observers \u2013 many! \u00a0\u2013 thought that was only a matter of time before the Minnesota-based retail giant melted down because their grocery sections carried, and continue to carry, no tabouli mix. You can scour the grocery section of any Target store, anywhere in [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[130,263],"tags":[],"class_list":["post-43600","post","type-post","status-publish","format-standard","hentry","category-tc-media-bias","category-narrative-for-sale"],"_links":{"self":[{"href":"http:\/\/www.shotinthedark.info\/wp\/index.php?rest_route=\/wp\/v2\/posts\/43600","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/www.shotinthedark.info\/wp\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/www.shotinthedark.info\/wp\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/www.shotinthedark.info\/wp\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"http:\/\/www.shotinthedark.info\/wp\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=43600"}],"version-history":[{"count":12,"href":"http:\/\/www.shotinthedark.info\/wp\/index.php?rest_route=\/wp\/v2\/posts\/43600\/revisions"}],"predecessor-version":[{"id":43635,"href":"http:\/\/www.shotinthedark.info\/wp\/index.php?rest_route=\/wp\/v2\/posts\/43600\/revisions\/43635"}],"wp:attachment":[{"href":"http:\/\/www.shotinthedark.info\/wp\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=43600"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/www.shotinthedark.info\/wp\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=43600"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/www.shotinthedark.info\/wp\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=43600"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}