Target Corp. and its board of directors has elected Michael Fiddelke, chief operating officer, to succeed Brian Cornell as CEO.

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.