The latest on Target CEO resignation

Gregg Steinhafel
Gregg Steinhafel, Target CEO, checks out Black Friday sale items after Target opens its doors on Thursday, Nov. 22, 2012 in Bloomington, Minn.
Janet Hostetter/AP

Target Corporation announced this morning that CEO Gregg Steinhaffel is leaving the company, effective immediately. The move comes after a pre-holiday data breach compromised the financial information of tens of millions of customers.

Ken Perkins, an analyst for the investment research firm Morningstar, follows Target. He joined The Daily Circuit with the latest updates.