Executive Salaries Drop at Target

MINNEAPOLIS — The compensation of top executives at Target Corp. here was down significantly in 2007, according to a filing yesterday with the Securities and Exchange Commission. Robert J. Ulrich, chairman and chief executive officer, received $12.2 million, including salary, bonuses, stock, stock options and other compensation, compared with $36.4 million in 2006. Gregg Steinhafel, the current Target president, who is scheduled to succeed Ulrich as CEO next month, received about $6 million, vs. $12.1 million in 2006; and Douglas Scovanner, executive vice president and chief financial officer, received $5.6 million in 2007, vs. $6.5 million a year ago.

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