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Chilly At the Top

Clearly the buck stops at the CEOs desk, and when it does, it gets very chilly at the top.

By Tony LoPinto | Updated on May 06, 2014

It is often said that it is lonely at the top.  For all the talk in management circles of the importance of top teams, the truth remains that in just about all organizations, just one person—the chief executive officer—is singled out for ultimate responsibility for everything that goes on.

Just ask Target’s former CEO, Gregg Steinhafel, who stepped down yesterday in the wake of one of the largest cyber-attacks during the Christmas season.  However, as news reports and analysis emerged from the announcement, it appears that Steinhafel was also bruised by lackluster results from the company’s expansion into Canada and other missteps.

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