Target CEO blames lousy earnings on anti-woke ‘headwinds' — and Wall Street is chuckling

Investors and traders got a good laugh last week when Target’s CEO Brian Cornell suggested that a lousy quarter was partly the result of a consumer backlash against the retailer for rolling back its DEI efforts, On The Money has learned.DEI, or Diversity Equity and Inclusion, is a management philosophy that says pure merit-based hiring is overrated. Instead, companies must tailor their workforces to match an intersectional matrix — skills be damned. DEI also holds sway over ads, marketing and other corporat ...