- In today’s CEO Daily: Phil Wahba on the changing of the guard at Target.
- The big story: The Fed will attempt to sustain its independence at the Jackson Hole symposium today despite a second criminal referral from Trump loyalists.
- The markets: Asia is up, everyone else is down.
- Plus: All the news and watercooler chat from Fortune.
Good morning. When Brian Cornell took the reins at Target 11 years ago, the retailer was, to put it mildly, a mess. Among its many problems: Target was struggling with out-of-stocks that frustrated shoppers, employee morale was low, and there was a sense that the retailer had lost much of the “Tar-zhay” cheap-chic magic that had won it millions of loyal, fanatical shoppers for decades.
