The big-box retailer has taken a hit from a tougher economic backdrop and gotten caught in the crosshairs of the culture wars.
Other executives, including IBM CEO Arvind Krishna and and Otis Worldwide CEO Judy Marks are also expected to meet with President Joe Biden.Cornell is one of about a half dozen business leaders across industries who will offer up their point of view on the economy and the labor market at the White House. Other attendees at the meeting with Biden
are expected to include Brendan Bechtel, CEO of construction and engineering firm Bechtel Group; Calvin Butler, CEO of energy and utility company; Kenneth Chenault, chairman and managing director of venture capital firm General Catalyst; Thasunda Brown Duckett, CEO of financial services company TIAA; Arvind Krishna, CEO of; and Judy Marks, CEO of Otis Worldwide, a manufacturer of elevator, escalator and similar equipment, according to the White House.
Through a spokesperson, Target confirmed Cornell's attendance at the meeting, but deferred to the White House for more details about the content of the meeting. The CEO huddle is closed to press. Biden's meeting with the business leaders comes as the White House gears up for the next presidential election — a time when his track recordFor Target, the meeting comes at a pivotal moment when the retailer's business has taken a hit from a tougher economic backdrop and the divisive political climate. The big-box retailer alsoin August, saying its shoppers have continued to watch their dollars and spend mostly on necessities even as inflation cools.
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